Crypto security losses this month top $600M, 3.7x Q1 total

BlockBeats reported, citing data from DeFiLlama, that as of April 18, 12 cryptocurrency security incidents this month have resulted in total losses exceeding $606 million. This figure is 3.7 times the total amount lost to security breaches in the entire first quarter. According to the report, this makes April 2026 the worst month for such losses since February 2025. BlockBeats added that even excluding large-scale hacks like those targeting Drift Protocol and KelpDAO, a series of security incidents at smaller protocols is eroding trust in the DeFi industry.