May’s crypto hacks total $244m; Sui, Cetus claw back $157m
Crypto hacks resulted in approximately $244.1 million in losses during May 2025.
According to blockchain security firm PeckShield, this marks a 39.29% decrease from April’s figures. The month recorded roughly 20 major incidents, with coordinated recovery efforts successfully freezing some stolen assets.
The most notable development involved the collaborative response between Sui (SUI) validators and Cetus Protocol following a massive $220 million exploit. Network participants managed to freeze $157 million of the stolen funds, a 71% recovery rate from the total theft amount.
Cetus exploit dominates monthly losses
The Cetus Protocol incident was the largest single hack of the month and accounted…
