ImmuneFi Reports Over $92.5 Million in Cryptocurrency Hacks in April 2025
In April 2025, the crypto world suffered a staggering $92.5 million in losses from 15 hacking incidents. This marked a whopping 27.3% increase compared to the $72.6 million reported in the same month last year and more than doubled March's total of $41.4 million.
This alarming figure puts the year-to-date total at a whopping $1.74 billion, surpassing the full-year total of $1.49 billion in 2024. The Immunefi's recent report highlights this as the worst hit year in crypto-related hacks so far. The figure represents a staggering fourfold increase from the $420 million recorded during the same period last year.
Two major incidents, the blockchain payments platform UPCX and decentralized exchange KiloEx, accounted for most of these losses, with UPCX suffering a massive $70.0 million setback and KiloEx losing $7.5 million.
Other platforms that fell victim to these attacks include Loopscale ($5.8 million), ZKsync ($5.0 million), and Term Labs ($1.5 million). Additional cases were reported across Bitcoin Mission ($1.3 million), The Roar ($790,000), Impermax ($152,200), Zora ($140,800), and ACB ($84,100).
It's worth noting that all attacks were exploits, with hacks being the predominant cause of losses as opposed to fraud. Interestingly, no incident in April targeted centralized platforms. Instead, the affected players were exclusively from the Decentralized Finance (DeFi) sector.
Speaking of DeFi, Ethereum and BNB Chain were the most targeted blockchain networks, accounting for 60% of the total attacks. Ethereum recorded five incidents representing 33.3% of the total, while BNB Chain followed suit with four, or 26.7%.
First-quarter 2025 wasn't any better for the crypto industry, with the Bybit hack being the largest, resulting in the theft of a whopping $1.46 billion. Infini also suffered a $50 million loss, while DeFi lending platform zkLend was hit by a $9.5 million flash loan attack and Ionic lost $8.5 million due to a private key compromise.
In light of these incidents, it's essential for crypto platforms to focus on strengthening their security measures and addressing vulnerabilities to protect their users and their assets.
- The staggering losses in April 2025 from cybersecurity incidents in the crypto world totalled $1.74 billion year-to-date, surpassing the full-year total of $1.49 billion in 2024.
- Two major incidents, the blockchain payments platform UPCX and decentralized exchange KiloEx, accounted for most of these losses, with UPCX suffering a massive $70.0 million setback and KiloEx losing $7.5 million.
- The DeFi sector was the predominant target in April, with Ethereum and BNB Chain being the most targeted blockchain networks, accounting for 60% of the total attacks.
- In light of these incidents, it's essential for crypto platforms, particularly those in the DeFi sector, to focus on strengthening their security measures and addressing vulnerabilities to protect their users and their assets.
