Crypto Bleeds $357M in April’s 18 Hacks—Security Still an Afterthought?

Another month, another cascade of crypto heists. April saw attackers siphon $357 million across 18 major breaches—proving yet again that blockchain’s ’unhackable’ myth belongs in the trash.

From DeFi protocol drains to exchange-side exploits, the hits kept coming. Meanwhile, VCs keep writing checks to founders who treat security like a nice-to-have feature.

Here’s the kicker: half these losses could’ve been prevented with basic audits. But why bother when you can just blame ’code is law’ and move the next meme coin to ATH?

April 2025 has turned out to be another month of significant turbulence in the crypto market. As per the data from PeckShieldAlert, a prominent blockchain security entity, eighteen notable crypto exploits took place during April, resulting in significant losses of up to $357.11M in total. The blockchain security firm took to social media to disclose this enormous crypto loss.

#PeckShieldAlert In April 2025, 18 major crypto hacks were recorded, resulting in $357.11M in total losses. Notably, @zksync, @KiloEx_perp, and @term_labs recovered a combined $14.4M of stolen funds.
Top 5 Hacks in April 2025
–#BTC unauthorized transfer: $330.7M
–@KiloEx_perp… pic.twitter.com/y0ve1cRshS

March Sees $357.11M in Crypto Losses, Unauthorized Bitcoin Transaction Account for 92%

The details provided by PeckShieldAlert highlight a cumulative $357.11M loss in the wider crypto market during April 2025. However, unauthorized Bitcoin ($BTC) transactions has accounted for up to 92% of the total crypto losses of April. The hacking incidents led to a massive $330.7M in damages. The investigation into this event signifies a potential security lapse and likely compromise of wallet credentials.

Irrespective of these large-scale losses, several recovery efforts have also remained effective. Particularly, a cumulative $14.4M in stolen crypto funds was effectively regained during April. The respective recoveries were driven by Term Labs, KiloEx, and ZKsync.  Each of these entities has played an active role in detecting and recovering the crypto assets via law enforcement operations and on-chain negotiations.

KiloEx and ZKSync’s Effectively Recovered Stolen Funds

According to PeckShieldAlert, the notable crypto exploits of April include a Bitcoin unauthorized transaction, KiloEx exploit, Loopscale breach, MorphoLabs attack, and ZKsync. Particularly, unauthorized $BTC transfer led to $330.7M in losses. Apart from that, KiloEx went through a loss of nearly $7.5M, which was completely recovered.

Additionally, the Loopscale breach saw $5.8M in total losses. Moreover, the zksync exploit experienced a loss of $5.4M, which was recovered afterwards. Furthermore, the MorphoLabs attack went through a $2.6M in overall loss.