Crypto Hacks in May 2025 Drop by 39%

The significant decline in hack-related losses suggests increased effectiveness in the crypto industry’s security measures, despite high-profile incidents persisting.

PeckShield reported around $244.1 million in crypto hacks in May 2025, a noteworthy 39.29% decrease from April. The Cetus Protocol on the Sui network was the chief victim, suffering a $220 million exploit. The scale of May’s attacks involved approximately 20 major hacks, reflecting ongoing security challenges.

The most prominent hacks also included the Cork Protocol and MBU token, which suffered $12 million and $2.2 million losses, respectively. Solana’s Raj Gokal became an extortion target following a KYC data breach, highlighting the perils of personal data leaks. The crypto community’s response focused heavily on prevention and asset recovery.

“The coordinated response between Sui validators and Cetus Protocol following their major exploit demonstrates improving security collaboration within the ecosystem.” – PeckShield, Blockchain Security Firm

The financial impacts witnessed were profound as 244.1 million USD was lost across 20 major incidents. However, successful cooperation between Sui validators and the Cetus Protocol led to freezing 71% of stolen funds. The scenario emphasized the importance of collaborative security efforts in the industry.

Crypto markets experienced less panic due to improved security protocols, with Cetus Protocol’s proactive recovery measures offering reassurance. PeckShield’s analysis suggests companies are better adapting to these threats. Industry leaders highlighted the necessity for ongoing vigilance and technical advancements.

Insights from these events reveal potential enhancements in regulatory frameworks, driven by historical data and increased security initiatives. The industry’s future challenges include refining blockchain technology to prevent similar vulnerabilities while public confidence grows despite emerging threats.

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