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DeFi hacks totaled $621 million in April 2026, Richard Teng warns

DeFi hacks totaled $621 million in April 2026, Richard Teng warns
DeFi hacks reached $621 million April 2026

Richard Teng, CEO at Binance, warned that DeFi hacks reached $621 million in April 2026 alone.

He stressed that this poses a serious concern for the industry, emphasizing the need for continued investment in security measures to safeguard users.

Teng has previously highlighted risks in account security, warning that API keys can grant full account access if not properly secured. He also explained that TriFi aims to integrate TradFi, CeFi, and DeFi for seamless financial infrastructure in a separate note on combining financial systems. These concerns and innovations remain central as the sector addresses mounting threats.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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