Crypto crooks targeted $244M in May, hack losses down 40% — PeckShield

According to PeckShield, 20 major crypto hacks were reported in May, resulting in total losses of $244.1 million.

In May, the total amount stolen from crypto hacks declined drastically compared to April, with the largest incident making up around 90% of the month’s total, according to a blockchain security firm.

The decline comes as the crypto industry has been stepping up its efforts to stay ahead of hackers. “In May 2025, ~20 major crypto hacks were recorded, resulting in total losses of $244.1M — a 39.29% decrease from April,” blockchain security firm PeckShield said in a May 31 X post.

The most significant hack of the month occurred on the Cetus decentralized exchange on May 22, with $223 million in user losses within 24 hours.

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