KelpDAO and Drift Protocol accounted for most of the reported damage, with combined losses of about $577 million during the month.
The crypto sector recorded about 40 security incidents in April, with total losses reaching roughly $651.2 million. KelpDAO led the reported cases with a $292 million loss, followed by Drift Protocol at $285 million. Other notable incidents included Rhea Finance at $18.4 million and Grinex at $13.7 million. The figures show how concentrated crypto-related security damage can become when a small number of large breaches account for most monthly losses.