Immunefi: Crypto Industry Lost $92.5 Million in April Due to DeFi Vulnerabilities
According to an Immunefi report, cryptocurrency hacking incidents in April 2025 resulted in losses of up to $92 million for DeFi platforms, marking a 124% increase from March's $41 million. Among these, the open-source platform UPCX suffered an attack exceeding $70 million, making it the largest incident of the month; KiloEx was hacked with a loss of $7.5 million, after which the hacker returned all the funds.
The report noted that all attacks in April targeted DeFi platforms, with no security incidents reported by centralized exchanges. By the end of April, cumulative losses from cryptocurrency hacks in 2025 had reached $1.7 billion, surpassing the total of $1.49 billion for the entire year of 2024.
Mitchell Amador, founder of Immunefi, stated that state-sponsored hacking organizations pose a major threat and recommended that protocols adopt a "zero trust" architecture to enhance security defenses.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
AI drives "light" merger and acquisition: Marvell Technology (MRVL.US) seeks to acquire Lumentum (LITE.US), potentially entering the top ten largest tech deals in history
Marvell is in talks to acquire optical device maker Lumentum, which currently has a market value of 8.3 billion dollars. The transaction may be announced next week.
Australian Dollar holds above 0.7050 as hot CPI boosts RBA hike bets
Commodity cost headwinds increase to 2.5 billions USD, Ford Motor (F.US) sees core profit edge up 4% against the trend in Q3 and raises its annual guidance lower limit
Ford's Q3 adjusted EPS exceeded expectations by 20%, and the company raised the lower end of its full-year profit guidance to $10.5 billion; however, revenue slightly missed expectations, causing shares to fall nearly 2% after hours.
Crypto prices
More
