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#DeFiLossesTop600MInApril
DeFi Hacks and Rugs Surpassed $600 Million in April
April was not a good month for DeFi. According to blockchain security firm CertiK’s report dated April 30, $601 million was stolen from DeFi protocols in April alone. This is the highest monthly loss of 2025 and represents a 116% increase compared to March.
Verified numbers are clear:
• Hedgey Finance: $44.7M token vesting exploit • FixedFloat: $26M hot wallet attack • Grand Base: $2M rug pull • The remaining $528M came from more than 30 small-to-mid sized protocols. Ethereum was again the chain with the most losses, followed by BNB Chain.
The worse part: only 18% of the stolen funds were recovered. The rest were laundered through Tornado Cash and cross-chain bridges.
Why does this matter to us?
1. Security = Liquidity: When hack news hits, TVL drops. In April, total value locked in DeFi fell from $98B to $89B. 2. Rotation to CEX: Users are moving from risky contracts to stake and Earn products on centralized exchanges like Gate.io. Last month, Gate Earn TVL increased by 23%. 3. Regulatory pressure: The US and EU are reinforcing the “DeFi = unsafe” narrative. After MiCA, there is talk that KYC could come to DeFi front-ends in Europe.
My rule is simple: If the contract is unaudited, the team is anonymous, and APY is 1000%, I stay away. $600M vanished — don’t let your $600 vanish too.
What do you pay attention to when using DeFi? Is anyone still reading audit reports? 😅
#GateSquareMayTradingShare
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#DeFiLossesTop600MInApril
Note: This post is not financial advice. Always do your own research (DYOR).