Crypto Losses Surge: Over $1.7 Billion Vanishes, Outpacing 2024 Totals
Apr 30, 2025, 7:29 p.m.
8 sources
negative
A recent report by blockchain security firm Immunefi reveals that crypto users have already lost over $1.7 billion this year, significantly exceeding last year’s total losses. The bulk of these losses stem from hacks in the DeFi space, including a historic $1.4 billion heist from Ethereum and Ethereum-related assets from the crypto exchange Bybit. Additionally, in April alone, hackers managed to steal nearly $100 million from various decentralized networks, with incidents targeting platforms such as UPCX and KiloEx. The report further indicates that Ethereum and BNB Chain were the most targeted, accounting for 60% of total blockchain losses. While established projects are reportedly honing their security measures, the overall landscape remains susceptible to high-profile cyberattacks, highlighting ongoing concerns about the vulnerability of DeFi networks.
The significant loss involving Ethereum assets has contributed to a negative market sentiment, likely pressuring ETH's price in the short term. The historical data on security breaches, combined with the massive $1.4 billion theft from Bybit, suggests that investors may become more risk-averse, leading to price corrections. In the long run, improvements in security protocols and increased institutional participation might help restore confidence and stabilize ETH prices.
BNB stands out as one of the most targeted chains, which further amplifies the immediate negative sentiment around its price. Given the significant percentages of losses attributed to BNB Chain breaches, short-term volatility is expected as investors react to the security concerns. Over time, however, advancements in security measures and a more robust risk management framework could potentially mitigate these issues, leading to a gradual stabilization in BNB's value.
Sources
Crypto hackers hit DeFi for $92M in April as attacks double from March
Cointelegraph
30.04.2025 13:00
Crypto Space Lost $92M to Hacks in April 2025, Total Loss YTD Hits Whopping $1.74B
cryptonews.com
30.04.2025 15:27
Crypto Losses of $1.7 Billion Already Surpass Total 2024 Mark: Immunefi
Decrypt
30.04.2025 18:42
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