DeFi Sector Faces Record Losses Due to Hacking in April
- The DeFi sector suffered losses nearing $800 million in total due to hacking incidents in 2026.
- April recorded over $630 million in losses, marking it as the worst month in DeFi history.
- Approximately 45 protocols were attacked since January, leading to cumulative losses exceeding $450 million.
- Notable incidents included a major exploit on Drift valued at around $280 million and a theft of $293 million from KelpDAO.
- In January alone, about $86 million was lost due to smart contract bugs, with further damages from bridge and oracle attacks totaling approximately $27 million in February.
The ongoing security crisis within the DeFi ecosystem highlights significant vulnerabilities that have resulted in substantial financial damage across various protocols. Stakeholders are urged to enhance security measures and reassess their risk management strategies amid these challenges.
With losses surpassing $630 million in April alone, the DeFi sector is facing unprecedented risks that necessitate immediate action for improved cybersecurity measures.(Source)
