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.