🚨 The Rise of Web3 Scams – A Growing Threat


CertiK, a leading blockchain security firm, released its May 2025 Security Report, revealing that over $302 million was lost across Web3 due to scams, hacks, and exploits.


✔️ Code vulnerabilities accounted for $229.6 million in losses, marking a 4,483% increase from April.

✔️ Phishing scams dropped significantly, but still caused $47.6 million in damages.

✔️ DeFi platforms remained the most targeted sector, losing over $241 million in May alone.


The numbers show a disturbing trend—crypto crime is evolving, and hackers are getting smarter.


💰 The Scams – How Hackers Exploited Web3


🚨 Code vulnerabilities surged, making them the biggest attack vector in May.

🚨 Private key compromises led to $11.6 million in losses, proving that personal security is still a weak point.

🚨 Price manipulation attacks drained $1 million, showing how market exploits remain a threat.


For years, Web3 security was focused on preventing phishing scams, but now, code vulnerabilities are the biggest danger.


🔥 The Exposure – The Scale of Web3 Fraud


✔️ CertiK’s report highlights the urgent need for better security audits, as flawed code led to massive losses.

✔️ Social engineering scams accounted for $35.5 million, proving that human error is still a major risk.

✔️ Exchanges and wallet drainers lost $11.1 million and $8.5 million, showing that centralized platforms are still vulnerable.


The crypto industry must adapt fast, or hackers will continue to exploit weaknesses.


⚖️ The Aftermath – A Warning for Crypto Investors


🚨 Web3 security must evolve, as traditional defenses are no longer enough.

🚨 Investors must be cautious, as new attack vectors emerge every month.

🚨 Regulators are pushing for stricter security measures, aiming to prevent future losses.


The CertiK report isn’t just another security update—it’s a wake-up call for the entire crypto industry.


🔮 Lessons Learned – Can Web3 Ever Be Truly Safe?


🚨 Smart contract audits are essential—flawed code is now the biggest risk.

🚨 Self-custody is key—private key security must be a top priority.

🚨 Stay aware of emerging threats—crypto crime is evolving fast.


The story of Web3 scams isn’t just a cautionary tale—it’s a reminder that crypto’s greatest strength can also be its greatest weakness.



#Web3Scams #CertiKReport #CryptoSecurity #CryptoHistory #Write2Earn 🚀🔥