In May, cryptocurrency hackers launched multiple high-profile attacks, resulting in a total theft of $257 million. SlowMist, a prominent blockchain security firm, revealed that $162 million of the stolen funds have been either frozen or recovered. This significant sum reflects the continuing threat posed by malicious actors to the cryptocurrency landscape. 5 major hacks accounted for a large portion of these losses, with the Cetus Protocol DEX exploit losing $230 million due to faulty smart contracts. The report reveals that SlowMist’s findings are higher than PeckShield’s estimates ($244M) for the past month. Hackers also exploited vulnerabilities in Cork Protocol (losing $12 million), and BitoPro exchange ($11.5 million). 95% of these hacking cases attributed to flawed smart contracts, according to SlowMist. The report details several smaller hacks as well: Demex, Zunami protocol, and Demex lost a combined total of $950K through oracle manipulation and social engineering scams, respectively. Social engineering is also causing havoc for retail buyers. 250k victims were targeted and lost a staggering $9.6 million in the past month. Lazarus group, known for their elaborate phishing tactics, continues to target high-value crypto wallets. SlowMist urges merchants to avoid exposing their main wallets to minimize the risk of theft, while also advising retail buyers to remain vigilant against potential scams.