In April 2025, cryptocurrency losses escalated by nearly 1,000% compared to March, amounting to approximately $360 million across 18 hacks. The spike included a major incident involving a $330 million Bitcoin theft attributed to social engineering. Despite significant breaches, Dyma Budorin, CEO of Hacken, remarked that the industry has not fundamentally altered its approach to cybersecurity, primarily relying on limited tactics such as penetration tests and bug bounties. He emphasized the need for more comprehensive security measures akin to those in traditional sectors, which integrate supply-chain and operational security assessments. Although there have been minor improvements in post-hack responses, such as Chainalysis's near real-time blacklisting of stolen funds, Budorin believes deeper structural issues remain unaddressed. This belief is reinforced by the continued prevalence of significant hacks in the crypto ecosystem, leading to calls for a shift towards more robust security infrastructures.

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