April saw the highest number of cryptocurrency hacking incidents on record, compounding challenges for an industry grappling with a bear market.

Crypto Hacks Hit A 14-Month High

DeFiLlama, a decentralized finance analytics platform, posted an X chart highlighting a dramatic rise in monthly incidents during April, reaching nearly 30 and far above historical peaks.

Hackers stole $635.24 million in April, the highest monthly total since Bybit’s infamous $1.4 billion exchange heist in February 2025.

The Infamous Cases

In the KelpDAO incident, the hacker targeted a cross-chain bridge, powered by interoperability protocol LayerZero, and robbed restaked Ethereum (CRYPTO: ETH).

The Drift…

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