Crypto Industry Hit with Worst Month of Hacks in Over a Year

The crypto industry has faced significant challenges in recent months, with April being its worst month for hacks in over a year. According to reports, $606 million has been drained across 12 incidents, surpassing the total losses of Q1 combined. This surge in hacking activity can be attributed largely to the efforts of North Korea's Lazarus Group.

The Lazarus Group has been at the forefront of crypto hacks for over a decade, with their exploits becoming increasingly sophisticated over time. In 2025 alone, they accounted for about 59% of every dollar stolen from the industry. Their tactics involve months or even years of preparation, including social engineering and exploiting vulnerabilities in code.

The group's latest exploits include draining $285 million from Drift Protocol and $292 million from KelpDAO, both through elaborate social engineering jobs. These attacks demonstrate the ongoing threat posed by state-backed hackers who continue to evolve their tactics.