According to the data, hacker attacks on Coinbase’s Base chain increased by 145% in April.

Coinbase’s Base chain appears to be a target for scammers, with two of the 10 largest single thefts occurring on the network, accounting for more than 20% of the month’s total theft.

While hacker attacks saw a decline in April compared to previous months, some networks are seeing an increase in scam activity as scammers explore new avenues to lure victims to new platforms. Second data from Scam Sniffer, Coinbase Basic network, built over the Ethereum blockchain, April saw a 145% increase in scam activity.

According to the blockchain intelligence firm, the Base network has seen a nearly 1,900% increase in scammer activity since January, with approximately $170,000 stolen due to phishing scams. In April alone, nearly 90% of stolen assets were ERC-20 tokens, the standard for tokens on the Ethereum network. Common phishing signatures such as Permit, IncreaseAllowance, and Uniswap Permit2 have been responsible for significant losses, Scam Sniffer says.

Despite the decline in crypto attacks in April, it was the first significant decrease in 2024, large accidents still occurred. The largest hack involved Hedgey Finance, a token infrastructure platform, which lost approximately $47 million in cryptocurrencies. The second largest hack targeted the Fix Float exchange, resulting in the theft of $3 million worth of cryptocurrencies due to a vulnerability in a third-party service provider. The third largest attack on Grand Base enriched the hackers with $2.67 million.

In total, more than $401 million was stolen tricks AND the carpet pulls year to date, a decrease of 25.1% compared to the same period last year, when more than $536 million worth of hacks occurred, according to Immune.

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