- During April 2025 hackers successfully breached 18 major cryptocurrency systems resulting in a combined loss of $357.11 million.
- These companies, KiloEx and zkSync alongside Loopscale and MorphoLabs fell victim to exploitation but only KiloEx and zkSync were able to recover their assets.
- $14.4M in total was recovered across platforms, but MorphoLabs and others remain unrecovered, highlighting response and security gaps.
During April 2025 the crypto sector faced major turbulence with 18 significant hacks leading to stumbling financial losses. According to data from PeckShieldAlert, $357.11 million worth of funds was illegally extracted from different blockchain platforms and protocols during this period. These security incidents from April reveal a growing issue that worries the crypto sector with ongoing vulnerability problems.
While some recovery efforts proved effective, wide scope of thefts raised urgent questions about security practices across decentralized platforms. Several high-profile projects faced direct breaches, including unauthorized Bitcoin transfers and multiple DeFi protocol exploits. Amid the wave of attacks, a portion of $14.4 million stolen funds was recovered partially which brought limited relief to affected platforms.
Massive Bitcoin Heist Drives April’s Crypto Losses
A single Bitcoin transfer valued at $330.7 million represented the largest unauthorized transaction with the single incident accounting for more than 92% of the total losses recorded in April. With no further details about the nature of the breach, it still remains as one of the largest recent thefts in recent blockchain history.
Notably, the absence of recoveries during recent years demonstrates that tracing and recovering Bitcoin stolen from controlled environments proves highly challenging.
High-Value Breaches Met with Mixed Recovery Outcomes
Multiple decentralized platforms encountered major security breaches during this same period of time. KiloEx suffered a breach during its operations as a perpetual trading protocol which led to a $7.5 million financial loss. However, the platform restored the stolen funds effectively which minimized the potential long-term financial damage. Another project, zkSync, encountered a breach that resulted in a loss worth $5.4 million.
The recovery operations produced positive results with the stolen assets successfully retrieved. Together with Term Labs’ contributions the combined recovery figure reached $14.4 million. Loopscale experienced a breach valued at $5.8 million,although a post-incident assessment took place,recovery efforts were not detailed. Additionally, MorphoLabs was hit by a $2.6 million frontend attack with no reports of fund recovery to date.
Security Outlook and Developing Threat Landscape
The April incidents displayed a standard recurring pattern of frontend vulnerabilities blended with smart contracts creating security breaches. Part of the stolen money was recovered but the overall threats facing the system still exist with attacks persistently focused on exploiting both high-liquidity pools and emerging DeFi platforms.
The high total of attacks exposes the need for security defenses at the protocol level. The successful recovery efforts depended heavily on quick response procedures according to project assessments. However,multiple blockchain ecosystems show critical gaps in their existing security systems.
