Crypto Hacks Cost Millions in 2025; DeFi Risks Persist

A recent wave of cryptocurrency hacks resulted in a staggering loss of $244 million in May 2025. While the digital asset space offers exciting opportunities, its inherent complexities pose significant security challenges. A number of high-profile exploits targeting DeFi protocols highlight the ongoing need for robust blockchain security measures. 20 major incidents were recorded during that month, collectively resulting in a substantial financial blow to the ecosystem.