Crypto crooks emitted with around $ 244 million in May, a new Peckshield report showed. According to the report, the stolen amount has dropped considerably compared to April statistics, the biggest incident representing 90% of the total of the month.
According to a job By Peckshield on X, the security company Blockchain mentioned that the cryptographic industry had recorded approximately 20 hacks, pushing the total amount lost to $ 244.1 million.
“In May 2025, around 20 major crypto hacks were recorded, causing total losses of $ 244.1 million – a drop of 39.29% compared to April,” said Peckshied. The decline occurs while the cryptographic industry has put in place measures and has intensified its efforts to fight against these activities.
Cetus Dex Hack Frozen funds
According to the blockchain security firm, the largest hack that occurred last month occurred on the decentralized Cetus stock exchange. The platform suffered a violation on May 22, resulting in a loss of around $ 223 million in user funds.
The incident was reported by the pseudonym researcher of Web3, Comdare3, who posted on X that the Dex Cetus based in Sui is exploited. According to the Safety Society of Blockchain Dedaub, the pirates exploited a flaw in the most important bits check (MBS).
#Pecshieldalerlet In May 2025, around 20 major crypto hacks were recorded, resulting in total losses of $ 244.1 million, a drop of 39.29% compared to April. Notably, @Cetusprotocol & #Sui Graded $ 157 million in stolen funds (representing 71% recovery from the flight of $ 220 million). #High 5 hacks in … pic.twitter.com/zjmgzvbths
– Peckshieldalert (@pecshieldalert) June 1, 2025
The company mentioned that the feat allowed the actors of the threat to manipulate the values ​​of the liquidity parameters by orders of magnitude. This then allowed them to establish relatively important positions with a strike.
“This allowed them to add massive liquidity positions with a single entrance unit of token, then exhausting the swimming pools collectively containing hundreds of millions of dollars of tokens,” said the blockchain security company in its report.
Peckshield added that Cetus and the SUP network had frozen about $ 157 million in stolen funds, which represents around 71% of the entire cache.
Peckshield noted that the second largest feat in May was the attack on the decentralized Cork Protocol decentralized financing platform. According to the cybersecurity company cywrite, the cork protocol pirate used the feat to transport approximately 3,761 ether wrapped states (Wsteth), which they converted to Ethereum.
The last three of the top five hacks for the month have been a feat of MBU token worth 2.2 million dollars, a feat of MapleStory universes of $ 1.2 million and an attack suspected of being linked to the RPDC, worth $ 5.2 million.
Industry intensifies war against crypto pirates
The Peckshield report comes after an increase in the efforts of the cryptographic industry to protect itself from bad players. According to previous reports, the Crypto Exchange Bitmex security team has published a report in which it mentioned that it had discovered gaps in the operational security of the Lazare group, a group of North Korean cybercrime which would have links with the country's government.
During the Comptoir probe on the organization, the platform discovered IP addresses, a database and monitoring algorithms deployed by the group.
According to some of the security researchers, it is likely that one of the group's hackers accidentally revealed his real IP address, who, according to them, has shown that the real location of the pirate is in jiaxing, in China. Researchers also said they were also able to access a Supabase database, a platform to easily deploy databases with simple interfaces for applications, used by the hacking group.
According to Peckshield, the cryptography industry lost more than $ 1.63 billion against pirates, the blockchain safety platform stressing that Bybit's feat represented more than 92% of the whole loss. The company also pointed out that more than $ 487 million in crypto was lost against pirates in January, while February led to $ 1.53 billion due to the statement incident, which has been nicknamed the largest cryptographic robbery to date.
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