In May 2025, the crypto sector experienced a significant reduction in hacking incidents, with reported losses amounting to $244.1 million, marking a 39.29% drop from April. A total of 20 major hacks were identified during the month, with the Cetus decentralized exchange suffering the most substantial blow, losing $223 million in user funds in just 24 hours. Blockchain security firm PeckShield noted that the largest hack accounted for approximately 90% of the total stolen amount. Measures taken by the crypto industry to combat such attacks are becoming more robust, as illustrated by the recovery of $157 million from stolen funds by the Cetus and Sui Network. Other notable exploits included a $12 million theft from the Cork Protocol and several smaller hacks linked to various crypto projects. Following a trend of heightened security efforts, the month demonstrated a more proactive stance against cybercriminals targeting the crypto space.

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