The crypto industry suffered a total of $68.3 million in security losses in May, a month-over-month decrease of nearly 90%

Odaily Planet Daily News: Data released by blockchain security firm CertiK shows that the total losses in the crypto sector due to hacking attacks, vulnerabilities, and scams in May 2026 amounted to approximately $68.3 million, a decrease of nearly 90% from the over $650 million scale in April. This is also the third month this year with losses below $100 million. Among these, losses from phishing attacks were approximately $2.6 million.

April saw a surge in industry losses due to two major attacks on Drift Protocol and KelpDAO, which together accounted for about 95% of the month's losses, making April one of the worst loss months in recent years.

The institution reminds that while large-scale protocol-level attacks have decreased, risks such as phishing, deepfakes, and credential leaks are increasing, with the focus of attacks gradually shifting to personnel and identity systems. This drop in losses is merely due to the absence of major security incidents; the overall security risks within the industry have not been fundamentally eliminated. Cross-chain bridge vulnerabilities and insider threats remain major risks. (Financefeeds)