April recorded the highest number of cryptocurrency hacking incidents on record, reflecting a surge in security breaches across decentralized finance platforms. Data from DefiLlama highlighted an unusual spike in attack frequency, raising concerns over persistent vulnerabilities within the rapidly evolving blockchain ecosystem and its infrastructure.
According to blockchain security firm CertiK, confirmed losses from crypto-related exploits reached approximately $651 million during April. This includes about $3.5 million stolen from various phishing attacks. Hence, the overall losses in April stem from multiple types of exploits, technical and those related to social engineering.
Though this month was marked by significant crypto hacks, even after excluding the February 2025 Bybit exploit, the April losses remain the highest since March 2022 when the damage totaled around $715 million, pointing towards a significant increase in crypto exploits since then.
Also Read | Bitcoin Price Faces Bearish Breakdown Risk as $80K Resistance Holds Strong
Crypto Losses Exceed $600 Million in April
DeFiLlama reported that April became the most-hacked month in crypto history by incident count, surpassing 20 exploits for the first time. According to enthusiast Stacy Muur, there were 24 crypto hack attacks, leading to losses exceeding $600 million.
The biggest crypto exploit resulted in losses amounting to $292 million and originated from KelpDAO hack. Moreover, the exploit triggered systematic problems that led to significant damage to another protocol called Aave owing to a bad debt exposure.
Attack Methods Reveal Increasing Use of Social Engineering
Another major breach targeted Drift Protocol, resulting in losses exceeding $280 million. The platform stated the exploit was part of a structured operation that took months to execute, suggesting increasing sophistication in attack planning and highlighting risks associated with administrative access and human-targeted manipulation strategies within systems.
Some other examples include $2.5 million in losses caused by the Hyperbridge hack. Attackers managed to create fraudulent coins without going through verification. Wazz and other analysts pointed to a new threat in the field, dormant Ethereum wallets being drained.
Also Read | COTI Price Analysis Signals Reversal Potential as Support Holds Strong
