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#DeFiLossesTop600MInApril
Hacks and rug pulls in decentralized finance surpassed $600 million in April
April was not a good month for decentralized finance. According to a CertiK blockchain security report dated April 30, $601 million was stolen from decentralized finance protocols in April alone. This is the highest monthly loss of 2025 and represents a 116% increase compared with March.
The confirmed figures are clear:
• Hedge Finance: a token vesting exploit worth $44.7 million • Vaxxed Flow: a hot wallet attack • Grand Prix: a rug pull • The rest $26M came from more than 30 small- to mid-sized protocols. Ethereum was again the chain that saw the biggest losses, followed by BNB Chain.
The worst part: only 18% of the stolen funds were recovered. The rest was laundered through Tornado Cash and cross-chain bridges.
Why does this matter to us?
1. Security = liquidity: When news of hacks spreads, total value locked declines. In April, total value locked in DeFi fell from $2M to $89 billion. 2. Shift to centralized exchanges: Users are moving from risky contracts to staking and earning products on centralized exchanges like Gate.io. Last month, the total value of Gate Earn increased by 23%. 3. Regulatory pressure: The United States and the European Union are strengthening the narrative “DeFi = unsafe.” After MiCA, there has been talk of potentially applying KYC to DeFi interfaces in Europe.
My rule is simple: if the contract isn’t audited, the team is anonymous, and the APY is 1000%, stay away. $528M is gone—don’t let your $600 disappear too.
What do you notice when using DeFi? Is anyone still reading audit reports? 😅
$98B
$600M
#DeFiLossesTop600MInApril
Note: This post is not financial advice. Always do your own research (DYOR).