Crypto protocols suffered over $623 million in hacks in April. North Korea's Lazarus Group executed two of the month's largest attacks, significantly contributing to the total.
The concentration of losses in a few major incidents has led to a "100% YES" price on a prediction market contract for another $100 million-plus hack by the end of the year.
Experts note that the Lazarus Group's involvement suggests these are not random exploits but coordinated, state-backed operations that are likely to repeat. Traders are evaluating the probability of further hacks against potential regulatory responses and security enhancements.
Blockchain analysis firms are closely monitoring for any new confirmed hacks or significant breaches that could impact related markets. Concerns over security have previously affected Ethereum price predictions.