Crypto Hacks Surge Despite Overall Drop in Losses: May 2025 Recap

May brought a sobering reminder: despite a slight decrease in the number of crypto hacks, the overall value lost still reflects a continued security challenge within the industry. While thefts dropped by nearly 40% compared to April, as many as 20 security incidents occurred, resulting in cumulative losses exceeding $244 million, highlighting the ongoing vulnerability of decentralized finance (DeFi) protocols. The frequency and complexity of these attacks demonstrate hackers’ relentless pursuit of high-value targets.