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Crypto Hackers Drain $92M from DeFi in April — Attacks Double From March
The decentralized finance (DeFi) sector suffered another brutal month in April 2025, with hackers stealing $92 million across 15 incidents — a 124% increase from March’s $41 million losses. Immunefi’s latest report reveals alarming trends as attackers shift focus exclusively to DeFi platforms while centralized exchanges remain unscathed.
April’s Devastating DeFi Attack Breakdown
The month’s damage was dominated by two major exploits:
- UPCX: $70 million stolen from the open-source payment platform
- KiloEx: $7.5 million drained (though funds were later returned)
Why DeFi Remains Hackers’ Prime Target
Three critical vulnerabilities explain DeFi’s ongoing security crisis:
- Smart Contract Flaws: Code vulnerabilities in unaudited protocols create attack vectors
- Oracle Manipulation: Price feed exploits enable artificial inflation of asset values
- Admin Key Compromises: Centralized backdoors in “decentralized” systems
State-Sponsored Threats Reshape Crypto Security
The report follows February’s $1.4 billion Bybit hack — the largest in crypto history — believed to involve North Korea’s Lazarus Group. Immunefi CEO Mitchell Amador warns:
“State-backed actors are now the most pressing threat. Protocols must adopt zero-trust architectures assuming breaches will occur.”
2025’s Alarming Hack Statistics
Year-to-date figures paint a grim picture:
- $1.7 billion stolen already in 2025
- Surpasses 2024’s full-year total of $1.49 billion
- 98% of attacks target DeFi vs. 2% on CeFi
The Path Forward: Reinforcing DeFi Defenses
Security experts recommend multi-layered protection strategies:
1. Enhanced Smart Contract Safeguards
Mandatory measures including:
- Formal verification of contract logic
- Time-locked admin functions
- Circuit breaker mechanisms
2. Institutional-Grade Monitoring
Real-time threat detection systems capable of:
- Anomaly pattern recognition
- Flash loan attack prevention
- Front-running mitigation
3. Decentralized Insurance Solutions
Emerging protocols like:
- On-chain coverage pools
- Dynamic premium pricing
- Automated claim adjudication
Conclusion: A Call for Industry-Wide Action
As hacking sophistication grows, the crypto community must:
- Demand transparency in protocol security audits
- Support white hat initiatives through bug bounty programs
- Advocate for regulatory clarity on security standards
The $92 million April heist serves as a stark reminder — DeFi’s promise of financial freedom comes with unprecedented security responsibilities. Only through collaborative effort can the ecosystem build the robust defenses needed to sustain long-term growth.
Want to protect your assets? Bookmark Immunefi’s security portal for real-time threat alerts and project audit reports.
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