In April, cryptocurrency hackers stole over $90 million, further damaging the industry's reputation despite cybersecurity improvements. According to a report by Immunefi, hackers took $92 million in digital assets in 15 incidents, a 124% increase from March. The largest hack on UPCX resulted in $70 million in losses, while KiloEx lost $7.5 million. The KiloEx exploiter returned the funds shortly after. All attacks targeted decentralized finance platforms, with no incidents reported on centralized exchanges. Immunefi, protecting $190 billion in user funds, has paid over $116 million in bounties. The industry faces threats from state-backed actors, emphasizing the need for robust security measures. Bybit's $1.4 billion hack in February highlighted the importance of security protocols. Hackers have already stolen $1.7 billion in 2025, surpassing 2024 losses. The North Korean Lazarus Group's activities may have led to the Bybit hack. Security measures like bug bounties and audits are crucial for protecting smart contracts and infrastructure. Read more AI-generated news on: https://app.chaingpt.org/news