Crypto Hacks Plummet by 39% in May as Industry Fights for Security

Despite a recent cybersecurity boost, the crypto industry suffered over $244 million worth of losses from major hacks during May 2025. This represents a remarkable 39% decrease compared to April, potentially indicating strengthened security measures are taking effect. While still substantial, this drop suggests the crypto sector is actively tackling its vulnerabilities through initiatives like bug bounty programs and enhanced threat detection systems.