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Home»DeFi»Crypto losses of $ 1.7 billion in pirates, fraud already exceeds 2024 total: Immunefi
DeFi

Crypto losses of $ 1.7 billion in pirates, fraud already exceeds 2024 total: Immunefi

May 1, 2025No Comments2 Mins Read
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Brief

  • The amount of money lost in cryptographic space already exceeds the 2024 file, said Immunefi.
  • Update year, $ 1.7 billion has disappeared from cryptographic projects.
  • Much of this is due to hacks – with cybercriminals that fly nearly $ 100 million in April only.

Digital assets can be firmly in the dominant current, with institutional involvement and a friendly crypto president in the White House.

But pirates and fraudsters spend a day on the ground so far this year.

Crypto users lost more than $ 1.7 billion against these groups, 14% more than the total $ 1.49 billion losses, according to the Immunefi security company.

During the same period last year, losses totaled $ 420 million, the firm said.

The report comes in the midst of continuous concerns concerning the vulnerability of DEFI networks and crypto more broadly. The total of the start of the year is strongly biased by the flight of $ 1.4 billion in Ethereum and assets linked to Ethereum of Crypto Exchange Go throughThe greatest hacking in the history of cryptographic industry.

However, the DEFI space has been particularly hard more recently. In April, pirates stole $ 92.4 million with decentralized networks in 15 separate incidents, Immunefi said.

Decentralized finance—Or defying – automate traditional financial services such as banking services or loans. But DEFI applications are experimental and new, and are notoriously subject to targeted by criminals.

Earlier this month, pirates reached the UPCX DEFI DEFI platform with an attack, making $ 70 million in digital tokens. Two weeks later, the pirates stole $ 7.5 million in kiloex, a decentralized exchange for perpetual term negotiation.

The founder and CEO of immunity Mitchell Amador said Decipher That even if “DEFI still operates in one of the most contradictory environments of the software”, the space became more secure for the pros.

“Generally, with regard to established projects, we could say that DEFI becomes safer,” he said. “The maturity of the current security battery is much better than what we saw two or three years ago, which makes it more difficult for hackers to exploit vulnerabilities.”

The immunity report added that in April, Ethereum and BNB chain were the most targeted channels, representing 60% of total losses in all blockchains.

Edited by James Rubin

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