April Crypto Hack Record: AAVE Effect

April DeFi Hacks Broke the All-Time Record

April witnessed the highest level of hack attacks in crypto sector history. According to DeFi Llama data, the number of exploits exceeded 20, dominating the month and signaling the busiest attack wave ever seen. Commentators like Stacy Muur counted 24 separate incidents as of Wednesday, emphasizing total losses exceeding 600 million dollars. KelpDAO's 292 million dollar attack dominated the month, while AAVE detailed analysis created bad debt concerns and many teams launched emergency loans and donation campaigns.

Another major blow to the sector came from Drift Protocol; the 280 million dollar heist on April 1 targeted the Solana-based futures exchange. Hyperbridge lost 2.5 million dollars on the Polkadot protocol; the attacker first withdrew 245 ETH, then bypassed Merkle Mountain Range verification with a fake cross-chain message, minting and selling billions of DOT tokens. Analysts like DeFi Llama, Stacy Muur, Wazz, and CuriousCrypto attribute this wave to social engineering operations; the Drift case was described as the product of a six-month intelligence effort. Towards the end of April, a new exploit surfaced that drained long-inactive wallets on the Ethereum mainnet. Latest development: DRIFT futures delisted from Upbit and Bithumb.

AAVE Technical Analysis: Price and Trend Status

AAVE price at 92.76 dollars, 24-hour change -0.98%. RSI 43.59 indicates dominant downtrend; Supertrend bearish, EMA 20: 96.45$. Human-focused tactics targeting admin keys rather than code vulnerabilities are gaining prominence. The sector is reviewing protocol designs to reduce social engineering risks.

• Supports: S1: 90.65$ (68/100 ⭐ Strong, -2.28%), S2: 86.39$ (56/100 Moderate, -6.87%)
• Resistances: R1: 93.95$ (75/100 ⭐ Strong, +1.28%), R2: 102$ (66/100 ⭐ Strong, +9.95%)

AAVE and Hacks: Frequently Asked Questions

• How did April hacks affect AAVE? The KelpDAO attack created bad debt, causing liquidity pressure.
• Why is AAVE price falling? The hack wave and bearish indicators (RSI 43.59) are triggering the downtrend.
• What does DRIFT delisting mean? Loss of trust after the hack increases risk for DRIFT analysis.

The evolution in attack methods could accelerate security investments and make DeFi more resilient.