May 2025 Sees Crypto Losses Plunge Amid Major Hacks
Crypto losses in May 2025 reached $244.1 million, marking a 39.29% drop from April. Blockchain security experts at PeckShield notedHorizontalAlignment=”center” a notable decrease, despite roughly 20 key breaches. Collaboration between network participants helped freeze some stolen assets.
The spotlight was on the Cetus Protocol hack, the most significant event.It resulted in a breathtaking $220 million loss.However, coordinated efforts by Sui validators managed to freeze $15
