crypto hacks

The article examines $972 million in crypto hacks from this year and analyzes what these incidents reveal about security vulnerabilities in the cryptocurrency sector.

April 2024 was the worst month for crypto hacks, with over $600 million lost in incidents including major breaches at KelpDAO ($293M) and Drift ($285M). Additional hacks at platforms like Rhea Lend, Grinex, and smaller protocols like CoW Swap and Hyperbridge contributed to cumulative losses, highlighting systemic vulnerabilities in the crypto ecosystem.

Crypto hacks reached a record high in April, with another exploit involving dormant Ethereum mainnet addresses reported. The increase in exploits highlights growing security concerns in the cryptocurrency sector.

Crypto hack losses exceeded $630 million in April through over 25 incidents, with DeFi platforms being the primary target despite ongoing security improvements. This marks the highest monthly loss since February 2025, highlighting persistent vulnerabilities in the crypto ecosystem.

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.

CertiK has warned that phishing, deepfakes, and supply chain attacks will drive major crypto hacks in 2026, urging users to prioritize basic security practices as recent hacks have surged.

CertiK warned that phishing, deepfakes, and supply chain attacks will drive major crypto hacks in 2026, urging users to prioritize basic security practices as recent incidents spiked in April.

Tether's USDT stablecoin reached an all-time high market cap as DeFi users increasingly prefer it over Circle's USDC amid ongoing crypto industry challenges. The shift reflects growing trust in Tether despite recent major hacks in the sector.