In April 2025, the crypto industry faced significant losses from hacker attacks totaling $92.5 million. This marks a 27.3% increase compared to the same period last year.
Increase in Losses in April 2025
According to a report from the blockchain security platform Immunefi, losses in April 2025 amounted to $92.5 million, more than double the previous month’s total of $41.4 million. This figure has already surpassed the total losses for the entire year of 2024, which stood at $1.49 billion.
Hacker Attacks and Their Impact
Most of April’s losses were attributed to two major incidents: the blockchain payments platform UPCX lost $70 million, while the decentralized exchange KiloEx suffered $7.5 million in losses. All attacks were due to exploits, with no centralized platforms being targeted.
Major Incidents and Their Consequences
Other affected platforms included Loopscale ($5.8 million), ZKsync ($5.0 million), and Term Labs ($1.5 million). Additionally, the first quarter of 2025 saw severe incidents, including the Bybit hack, where $1.46 billion was stolen, and the Infini incident resulting in a loss of $50 million.
The losses in the crypto industry from hacker attacks show a significant growth compared to previous years, raising concerns about security within the decentralized finance sector.
