In May, the total amount stolen from crypto hacks declined significantly compared to April, with the largest incident that made up around 90% of the entire month, according to a Blockchain security firm.
The decline is coming as the crypto industry rises in efforts to stay ahead of hackers. “In May 2025, ~ 20 major crypto hacks were recorded, resulting in a total losses of $ 244.1M – a decrease of 39.29% from April,” Blockchain security firm Peckshield Says In a post of May 31 x.
The majority of funds from the largest hack of the moon is frozen
The most significant hack of the moon took place at the Cetus Decentralized exchange on May 22, with $ 223 million in user losses within 24 hours.
According to Blockchain Security Firm DEDUB, Hackers took advantage of a flaw Significant bits (MSB) are evaluated, allowing them to manipulate the values for the liquidity parameters through magnitude orders and establish a relatively large position with keystroke.
Peckshield reported that the Cetus and the SUI network frozen $ 157 million in stolen funds, about 71% of the total amount stolen. Peckshield recognized the second largest exploitation of the month as a $ 12 million attack on the Defi Platform Cork Protocol.
According to The cybersecurity firm that cyversThe Cork Protocol Attacker used the exploitation to steal approximately 3,761 wrapped in staked ether (Wsteth), which was converted to Ether.
The last three of the five biggest hacks for the month were a suspected DPRK -associated hack worth $ 5.2 million, a MBU token to the MBU of $ 2.2 million, and a Maplestory Universe that exploits $ 1.2 million.
Steps to the crypto industry fight against hackers
It came as the crypto industry was ramping its efforts to protect itself against evil actors.
On May 31, Cointelegraph reported Crypto Exchange Bitmex’s security team discovered the gaps In the Security Security of the Lazarus Group, a Cybercrime network sponsored by the North Korean government, following a anti-operational investigation into the organization, exposed to IP addresses, a database, and monitoring of algorithms used by malicious groups.
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DAvoiding the first quarter of 2025Hackers steal more than $ 1.63 billion in cryptocurrency. Peckshield pointed out that BYBIT exploitation costs more than 92% of total losses.
The firm also reported that more than $ 87 million in crypto was lost in the hacks in January, while February saw a dramatic spike at $ 1.53 billion, especially due to bybit attack. That incident is one of the largest crypto robbery to this day.
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