Crypto hackers hit DeFi for $92M in April as attacks double from March
Cryptocurrency hackers stole over $90 million in April, with a 124% increase from March's $41 million. The largest hack involved UPCX, resulting in losses exceeding $70 million, while KiloEx lost $7.5 million but had the funds returned shortly after. All attacks targeted decentralized finance (DeFi) platforms, with no incidents reported on centralized exchanges. Immunefi, a blockchain cybersecurity firm, noted that hackers have stolen over $1.7 billion in digital assets in 2025, surpassing the estimated $1.49 billion loss for all of 2024. The report highlights state-backed threats as a significant concern, emphasizing the need for enhanced security measures and a "zero-trust" approach to protect protocols. Regular audits and bug bounties are deemed essential for securing smart contracts and infrastructure.
