April Sees $92.5 Million Lost in DeFi Attacks – Coincu

A recent Immunefi report indicates that the crypto sector encountered substantial losses in April 2025, totaling $92.5 million, the outcome of 15 DeFi-focused cyberattacks.

These losses, attributed primarily to compromised platforms such as UPCX and KiloEx, place Ethereum and the BNB Chain at the forefront of security concerns.

DeFi Attacks Surge: $92.5M Lost in April 2025

Immunefi highlighted that DeFi attacks in April 2025 accounted for losses of $92.5 million, marking an increase of 27.3% compared to the prior year. UPCX and KiloEx bore the brunt, with their security breaches resulting in losses of $70 million and $7.5 million respectively.

While some funds were recovered, the majority remain unaccounted for, underscoring vulnerabilities particularly on Ethereum and BNB Chain, which collectively faced 60% of the attack incidents.

“The sheer scale of the attack shows how state-backed actors are arguably the most pressing threat to our industry.” — Mitchell Amador, CEO, Immunefi

Yearly DeFi Losses Hit $1.74 Billion by April 2025

Did you know? The cumulative DeFi losses up to April 2025 amounted to $1.74 billion, already surpassing the total of $1.49 billion recorded in 2024, highlighting an alarming escalation in sector vulnerabilities.

Ethereum (ETH) led DeFi vulnerability targets in April, trading at $1,805.54 as of May 1, 2025. The token with a market dominance of 7.37% encountered a 0.34% price increase over the last 24 hours according to CoinMarketCap. The past 30 days reflected a -1.17% decline, with more extensive decreases over longer periods.

The Coincu research team foresees intensified scrutiny over DeFi platforms, advocating for robust audits and security measures. Enhanced regulatory frameworks could emerge to further address vulnerabilities and protect investor interests, given the heightened risks and recent losses.