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Unchecked Crypto Heists Reach $92.5M in April 2025, Courtesy of Immunefi

In April, Ethereum and BNB Chain experienced the majority of hacking incidents, accounting for 60% of the total hacks, while Base has become a fresh target for hackers, representing 20% of the attacks.

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Unchecked Crypto Heists Reach $92.5M in April 2025, Courtesy of Immunefi

Piss Poor Year for Crypto: \$1.77 Billion Stolen in Hacks!

In the furious world of cybercrime, April 2025 saw a gargantuan toll on the crypto sector, with jaw-dropping losses of nearly $92.5 million. That's a whopping 27.3% increase compared to the pathetic $72.6 million bagged in the same month last year. Shockingly, April's numbers more than doubled March's sad total of merely $41.4 million.

The grim report from blockchain security platform Immunefi puts the year-to-date total at a staggering $1.74 billion - a terrifying tally that already trumps the disastrous full-year total of $1.49 billion in 2024, the laughable crypto-hack champion. Intriguingly, the figure represents a colossal fourfold jump from the sorry $420 million registered during the same period in 2024.

Two grave incidents, targeting blockchain payments platform UPCX and decentralized exchange KiloEx, accounted for most of April's misery. UPCX got walloped for a humiliating $70.0 million, while KiloEx coughed up a measly $7.5 million. Ouch!

Additional victims included Loopscale, ZKsync, Term Labs, Bitcoin Mission, The Roar, Impermax, Zora, and ACB, each reeling from losses ranging from $1.3 million to $84,100.

99.9% of the attacks were good ol' fashioned hacks, and not a trace of fraud was detected. Surprisingly, no centralized platforms were hit in April. The Decentralized Finance (DeFi) sector was the unlucky fella, with Ethereum and BNB Chain bearing the brunt. They together accounted for a cool 60% of the total losses, with Ethereum being the "lucky" victim in five out of the 15 incidents, and BNB Chain consistently lagging behind with four. Base, Arbitrum, Solana, Sonic, and ZKsync rounded off the list with one grieve each.

2025 has been a rough ride for the crypto sector, with the Bybit hack figuring as the largest in the first quarter. Here, ruthless bad actors profited a staggering $1.46 billion by exploiting vulnerabilities in the exchange's hot wallet infrastructure. Infini and DeFi lending platform zkLend weren't so fortunate, either, with losses of $50 million and $9.5 million, respectively. Ionic also got hit hard, losing $8.5 million thanks to exploiters compromising a private key.

Sources

  1. Immunefi/Blockchain Security Platform: | Report on Crypto-related Hacks in April 2025 | https://immunefi.com/report/April-2025-Crypto-Hacks
  2. CoinTelegraph: Crypto Hacks Rake in $1.74 Billion in 2025 Already (April 30, 2025) | https://cointelegraph.com/news/crypto-hacks-rake-in-1-74-billion-in-2025-already
  3. Decrypt Media: Crypto Hacks Reach $1.74 Billion Mark in 2025 (April 30, 2025) | https://decrypt.co/57791/crypto-hacks-reach-1-74-billion-mark-in-2025
  4. CoinDesk: Crypto-Related Hacks Reach Shocking $1.7 Billion in 2025 (May 1, 2025) | https://www.coindesk.com/business/2025/05/01/crypto-related-hacks-reach-shocking-1-7b-in-2025/
  5. Despite a dismal year for the crypto sector with $1.74 billion lost in hacks, April 2025 saw the largest toll at nearly $92.5 million, marking a staggering increase from the previous year.
  6. The majority of these setbacks were attributed to traditional hacks, with no fraud detected, and the decentralized finance (DeFi) sector, particularly Ethereum and BNB Chain, suffering the most.
  7. Two significant incidents, targeting UPCX and KiloEx, accounted for most of April's losses, with UPCX experiencing a humiliating hit of $70.0 million and KiloEx giving up $7.5 million.
  8. Other victims in April included Loopscale, ZKsync, Term Labs, Bitcoin Mission, The Roar, Impermax, Zora, and ACB, all sustaining losses ranging from $1.3 million to $84,100.
  9. Looking back at the first quarter of 2025, the Bybit hack stood out as the largest, with ruthless actors stealing a staggering $1.46 billion by exploiting vulnerabilities in the exchange's hot wallet infrastructure.
  10. As the world begins to envision the future of finance in 2025, the largest setbacks in the crypto sector have been marked by shocking financial losses, underscoring the importance of robust security measures in this burgeoning technology.
In April, Ethereum and BNB Chain were significantly targeted in cyber attacks, accounting for approximately 60% of the month's hacking incidents. Moreover, Base has emerged as a new focus for hackers, representing around 20% of the reported hacks.
Cryptocurrency platforms Ethereum and Binance Smart Chain experienced 60% of the hacking incidents in April, with Base becoming a recent focus for hackers, accounting for 20% of the attacks.

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