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April crypto hacking losses top $600 million, worst since February 2025

Crypto protocol hacking losses have surged in April, putting decentralised finance security risks back in focus. Blockchain outlet BeInCrypto reported losses topping $606.2 million in 18 days, the biggest monthly total since February 2025 and well above the $165.5 million recorded in the first quarter. KelpDAO and Drift Protocol accounted for most of the damage. DeFi total value locked fell after the KelpDAO hack, and analysts warned of broader impacts on trust and valuations.