April was the worst month of the year for crypto investors: $357 million stolen
Date: 2025-05-08 Author: Henry Casey Categories: BUSINESS
According to analytics from PeckShield, in April, crypto investors lost $357.11 million as a result of 18 major incidents. The bulk of these losses — $330.7 million — came from unauthorized transactions. For comparison, in the previous months of 2025, the losses were significantly lower: in January — $87.25 million, in February — $1.51 billion (due to one large-scale hack), and in March — $33.46 million.
Some projects were still able to partially or completely recover the stolen assets. For example, the decentralized exchange KiloEx, which lost $7.5 million, and the ZKsync platform, from which $5.4 million was stolen, announced the return of funds. The Loopscale protocol, a decentralized lending service, did the same, losing $5.8 million on April 26.
However, two days later, Loopscale representatives reported the successful return of 90% of the stolen funds. The hacker agreed to return the funds in exchange for 10% of the amount as a reward. The total amount that was returned was 5,726,725 USDC and 1,211 SOL. According to the project team, users did not suffer financially.
“After negotiations, the funds were fully returned, and users will not suffer any losses,” the official statement from Loopscale says.
The MophoLabs protocol also suffered from an attack: in April, hackers stole $2.6 million from its platform, which allowed it to enter the top 5 largest incidents of the month.
The largest exploit of 2025 so far remains the attack on the Bybit exchange, which resulted in the project losing $1.4 billion. This incident significantly exceeded all the April attacks in terms of damage.
Such events highlight the growing threat in the field of decentralized finance and the need to strengthen the protection of crypto platforms. Despite attempts to return funds and negotiations with hackers, the risks in the crypto world remain high.
