Hacks within the crypto ecosystem skyrocketed by nearly 11 times since May.
Following a significant decline in March, the amount of crypto assets lost to hackers again rose by almost 11 times in April.
According to data from PeckShield, hackers stole roughly $357.11 million from crypto holders in April. In total, 18 major hacks were recorded.
#PeckShieldAlert In April 2025, 18 major crypto hacks were recorded, resulting in $357.11M in total losses. Notably, @zksync, @KiloEx_perp, and @term_labs recovered a combined $14.4M of stolen funds.
Top 5 Hacks in April 2025
–#BTC unauthorized transfer: $330.7M
–@KiloEx_perp… pic.twitter.com/y0ve1cRshS— PeckShieldAlert (@PeckShieldAlert) May 7, 2025
PeckShield says the amounts of crypto lost to hacks in January, February, and March were $87.25 million, $1.51 billion, and $33.46 million, respectively.
An unauthorized Bitcoin BTC $79 238 24h volatility: 1.7% Market cap: $1.59 T Vol. 24h: $44.47 B transaction is leading the list with $330.7 million lost to fraudulent actors. The $7.5 million lost in the KiloEx decentralized exchange hack and $5.4 million in the ZKsync exploit have been reportedly recovered.
Coinspeaker reported that Binance, the largest crypto exchange by trading volume, helped KiloEx recover $6.1 million of the lost funds.
Loopscale, a decentralized finance lending protocol, also lost $5.8 million to a breach on April 26. Two days later, the firm announced that 90% of the funds had been returned in exchange for a 10% bounty to the hacker.
Following successful negotiations, all funds taken from the Loopscale protocol (5,726,725 USDC + 1,211 SOL) on April 26th have now been returned.
Users will incur no loss of deposits from this incident. Additional details (including information on vault withdrawals) to follow. https://t.co/zAgzAcGMSU
— Loopscale (@LoopscaleLabs) April 29, 2025
MophoLabs, another decentralized lending protocol, secured the fifth spot on the list with a $2.6 million exploit last month.
In February, the crypto ecosystem witnessed its largest hack. Bybit, a leading cryptocurrency exchange, lost $1.4 billion worth of Ethereum ETH $2 252 24h volatility: 1.5% Market cap: $271.73 B Vol. 24h: $14.15 B to the North Korean hackers, known as the Lazarus Group.
So far, there haven’t been any updates regarding a potential fund recovery. According to a Coinspeaker report, the attackers have already swapped $1.2 billion from ETH to BTC.
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