Dossier
$623M
Coverage of $623M in the Nexus archive.
- we haven’t seen hack numbers like this in a while and that usually means something uglier is breaking underneath
April 2025 saw $623M lost to crypto hacks, driven by two major exploits: $290M Kelp DAO and $280M Drift. This surpassed the first quarter's total losses and marked the worst month since the February 2025 Bybit breach, signaling systemic vulnerabilities in the industry.