A new report from security firm Immunefi highlights a concerning trend in DeFi – the frequency and severity of attacks. In April 2025, hackers stole an astounding $92 million across multiple breaches targeting DeFi platforms. Immunefi analyzed these incidents, underscoring the growing vulnerability of decentralized finance systems. The firm’s investigation revealed that Ethereum and BNB Chain were particularly impacted, with nine out of the 15 attacks targeting these networks alone. Immunefi attributes this vulnerability to gaps in blockchain security protocols, prompting calls for increased investment in proactive security measures. The report further highlights the impact on market volatility as withdrawal pressures mounted on affected platforms, leading to a ripple effect in token values and liquidity. Despite the risks associated with these breaches, Immunefi’s new AI tool Magnus emerged as a beacon of hope. This technological innovation is designed to enhance protocol security by combining threat intelligence and automated security operations within a comprehensive platform. This development marks a significant step towards bolstering DeFi’s security landscape.