Despite a significant theft from the Cetus DEX platform during May 2025, cryptocurrency scam losses dropped by 40%. A blockchain security firm, PeckShield, revealed that total losses for May were $244.1 million, marking a substantial decrease from April’s figures. This decline is attributed to improved security protocols and increased industry awareness. While the Cetus hack stole nearly $223 million, efforts by the Sui Network and Cetus have ensured a significant portion of the stolen funds has been frozen. PeckShield highlights the sector’s resilience and progress in combating scams, with recoveries demonstrating greater preparedness for such incidents. This shift in the industry emphasizes long-term security measures while acknowledging potential vulnerabilities.