💥 May 2025 Crypto Hacks Hit $244M — But $157M Recovered! 🔐
📉 Losses Shrink Compared to April
May 2025 saw $244.1 million lost to crypto hacks — but that’s actually down 39.3% from April’s figures. Around 20 major incidents shook the blockchain world last month. Fortunately, quick action helped recover a huge portion of the stolen funds.
🤝 Sui & Cetus Lead Massive Recovery
The biggest drama? A $220 million exploit targeting the Cetus Protocol. But thanks to fast collaboration between Sui validators and Cetus, $157 million (that’s 71% of the stolen funds!) was frozen and secured. 🧊💪
🔍 How the Hack Happened
According to experts, hackers exploited a flaw in the system’s bit-checking mechanism, allowing them to manipulate liquidity and open oversized positions. 🚨
About $63 million still sits in the exploiter's wallet, but most of the damage has been contained.
📊 Other Notable Exploits
Cork Protocol: $12M stolen
Suspected North Korean attack: $5.2M lost
MBU Token: $2.2M drained
MapleStory Universe: $1.2M hack
🛡️ The Bigger Picture
Though May’s total is high, it’s an improvement. Earlier this year:
January: $87M lost
February: a shocking $1.53B, mostly from the Bybit breach
Q1 total: over $1.63B stolen 😱
Security remains a major challenge, but coordinated efforts like those from Sui & Cetus show that web3 defense is evolving. 🧠🔐🚀
Thankyou
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