Crypto Hacks Drop 39% in May Despite $244M Lost
Crypto hacks caused $244M in losses in May 2025, marking a 39% decline from April's numbers.
- $244M lost in 20 crypto hacks in May 2025
- Losses dropped 39% compared to April
- Industry efforts may be improving security
May 2025 saw a notable decline in crypto-related cyberattacks. According to recent data, there were 20 major hacks across the industry, resulting in approximately $244 million in losses. While this number is still significant, it’s a 39% decrease from April’s alarming figures.
This drop could indicate that the crypto industry is beginning to strengthen its defense mechanisms. With increasing awareness and regulatory pressure, companies may be investing more in cybersecurity infrastructure, and it seems to be making a difference — at least for now.
April Was Worse, But May Still Costly
April 2025 was particularly damaging, with over $400 million stolen in various attacks. Compared to that, May looks better. But $244 million lost in just one month is no small figure.
Hackers are still targeting decentralized finance (DeFi) platforms, cross-chain bridges, and smart contract vulnerabilities. While some attacks have been thwarted or minimized, others continue to expose the fragility of the crypto ecosystem.
Industry Focus on Security Pays Off
Industry-wide initiatives, like bug bounty programs, smart contract audits, and better threat detection, are beginning to show results. The 39% reduction in stolen funds reflects a shift toward improved safeguards.
Still, experts warn the threat hasn’t gone away. As technology advances, so do the tactics of hackers. Continued vigilance and innovation in security remain critical.
For crypto users, this trend is encouraging — but it’s not a reason to relax. Storing assets securely and using reputable platforms are more important than ever.
Read Also :
- Bitcoin ETFs See $268M Outflow, Ethereum Gains
- Reitar Logtech to Buy $1.5B in Bitcoin Reserves
- Classover Secures $500M for Solana Treasury Strategy
- Ethereum Protocol Team Restructured to Boost L1 Scaling
- Top Trending Crypto in 2025: Unstaked, Internet Computer, Kaspa, and Algorand
