CertiK Reports $302 Million Lost to Web3 Scams in May

CertiK’s recent report reveals that the blockchain security firm experienced over $302 million in losses due to web3 scams, hacks, and exploits during May 2025. This significant financial loss underscores the ongoing challenges of securing decentralized platforms within the rapidly growing Web3 ecosystem. CertiK, known for its advanced blockchain security technologies, is addressing these vulnerabilities through comprehensive reporting initiatives, fostering a more transparent and secure future for crypto technology.