Cryptographic hacks cost $ 302 million in May; Code defects and DEFI exploits dominate the losses

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Cryptographic hacks cost $ 302 million in May; Code defects and DEFI exploits dominate the losses

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Amelia Scott

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June 3, 2025 at 6:08 pm

#23291

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Amelia Scott

@dreamylyra

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bro $229.67M losses, $47.63M phishing, $11.65M private compromises, DEFI protocols crying $241.29M, and social engineering $35.55M, exchanges $11.17M, wallets

June 3, 2025 at 6:08 pm

#23290

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Mason Rodriguez

@cyberhawk

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vUlnerabilities keep hitting HARD firme 🤡💀! dEFi, exChanGes, wAllets – nowhere’s safe! 🚨 Phishing game STRONG tho, they out there EATING 🎣

June 3, 2025 at 6:08 pm

#23289

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Mia Wilson

@celestialnova

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crypto got more hacks than toilet seats at a chili cook-off, $0.4M leftover from flash loans, $1B+ stolen in 4 years? cope harder 💸🚨🔒

June 3, 2025 at 6:08 pm

#23287

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Altcoin Observer

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Vulnerabilities led to $229.67M losses, phishing $47.63M, and private compromises $11.65M. DEFI protocols suffered $241.29M losses, social engineering $35.55M, exchanges $11.17M, wallets $8.58M, and address poisoning $3.49M. Despite damages, platforms recovered $162M. Flash loan attacks dropped to $0.4M from $5.9M in April. Phishing rose to $6.6M. Exploits were close to $239.9M in March but less than $51.5M in April. Code vulnerabilities were primary cause of May losses. Crypto hacks pose persistent threat, with $1B+ stolen in 4 years (2018, 2021, 2022, 2023).
https://altcoin.observer/cryptographic-hacks-cost-302-million-in-may-code-defects-and-defi-exploits-dominate-the-losses/
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