In April 2025, cryptocurrency hackers stole over $92 million across 15 incidents, representing a 124% increase in attacks from March 2025, during which $41 million was taken. According to a report by Immunefi, a blockchain cybersecurity firm, this brings the total losses attributed to hacking in 2025 to over $1.7 billion, already surpassing the $1.49 billion stolen throughout 2024. The most significant attack involved the open-source platform UPCX, which faced substantial losses. All reported attacks targeted decentralized finance (DeFi) platforms, with centralized exchanges remaining unscathed. Mitchell Amador, CEO of Immunefi, highlighted the proliferating threats, suggesting the need for enhanced security measures across the blockchain technology stack and advocating a zero-trust approach. This warning follows a notable hack of the Bybit exchange earlier in February 2025, which underscored the risks posed by state-backed actors in the crypto landscape.

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