Crypto Hacks in April Lead to $630 Million Losses, Raising Concerns for Funds

April witnessed nearly 30 incidents of crypto hacks, resulting in losses exceeding $630 million. According to NS3.AI, investors have expressed concerns that these damages could increase pressure on crypto funds. Liquid and yield-focused funds are perceived to be at the highest risk due to declining token prices, collateral markdowns, elevated borrowing costs, and more challenging fundraising conditions.