PeckShield Reports Shocking Crypto Hacks Hit $244M In May, $157M Recovered
Key Takeaways
- Crypto hacks dropped to $244.1M in May 2025, showing notable industry-wide security improvement.
- Cetus Protocol faced the largest breach, but $157M was successfully frozen, reducing the overall impact.
- Increased vigilance and counter-operations reveal stronger cybersecurity efforts against state-linked and decentralized platform attacks.
In May 2025, about 20 major security breaches were registered within the cryptocurrency market, which brought together a combined total of $244.1 million worth of losses. This number is a notable 39.29% drop from the previous month, bringing a ray of hope for an industry hounded by cyberattacks.
Even as overall losses decreased, many of them stemmed from one incident, a…
