Well, ain’t it just a lovely sight? Crypto hacks left a whopping $244.1 million lighter in May 2025.
Now, according to those sharp-eyed folks over at PeckShield, this marks a 39.29% decrease from Aprilās big show. Seems like the hackers are slacking off a bit, only managing about 20 major heists. But fear not, the good guys stepped in, freezing some of that ill-gotten lootāsafety first, right?
The real showstopper was the mighty team-up of Sui (SUI) validators and Cetus Protocol. They pulled off a miracle and froze $157 million of a $220 million theft. I know, I knowā71% recovery rate? Thatās the kind of number that makes you think someoneās been watching too many superhero movies.
#PeckShieldAlert In May 2025, ~20 major crypto hacks were recorded, resulting in total losses of $244.1Māa 39.29% decrease from April. Notably, @CetusProtocol & #SUI have frozen a combined $157M of stolen funds (representing 71% recovery from the $220M theft). #Top 5 Hacks inā¦
ā PeckShieldAlert (@PeckShieldAlert) June 1, 2025
The Cetus Exploit: The Robbery of the Month!
If there was one hack that took the cake, it was Cetus Protocol. This particular caper was the biggest of the bunch, pulling in the majority of those poor, poor dollars. According to Dedaub, the criminals found a hole in the āmost significant bits check mechanismā (sounds technical, right?). With that little opening, they were able to tweak liquidity parameters and, presto! Made big ol’ positions with the kind of ease thatāll make you wonder why you didnāt think of it first.
The result? A cool $220 million gone with the wind. But hold your horsesā$63 million is still happily sitting in the thiefās wallet, while the rest was kindly frozen by the network validators. Good thing for them, right?
And, just for good measure, weāve got the next big losers in the crypto world. Cork Protocol said goodbye to $12 million, while a North Korean-affiliated attack (because who else would be behind such things?) made off with $5.2 million. The MBU token got a small poke, losing $2.2 million, and MapleStory Universeāyes, the gameāsuffered a breach to the tune of $1.2 million. At least theyāve got plenty of pixels left to protect!
While Mayās losses still sting, itās actually a bit of good news in the grand scheme of things. With $1.63 billion snatched in the first quarter of 2025 alone, these numbers donāt seem quite so bleak. And remember, the big culprit in the Bybit attackāoh yes, that oneāaccounted for nearly 92% of the damage earlier this year. Itās like finding out the villain in a good story was the same one all along. Thatās 2025 for ya!
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2025-06-01 16:42