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The cryptocurrency sector lost $42.6 million in May and regained $96.2 million
Expensive
$0.04400
+2.14%
According to CryptoPotato, blockchain security firm CertiK reported that the cryptocurrency sector suffered $42.6 million in losses in May due to exploits, flash loans, and exit scams. However, the sector was able to recover approximately $96.2 million, mitigating some of the economic impact. Flash loan attacks were the main cause of these losses, amounting to approximately $20.7 million. Sonne Finance was the hardest hit, losing $20 million, followed by TLN Protocol, which lost $746,000. GPU and Saturn Token also suffered losses of $32,394 and $8,343, respectively.