In May, the crypto industry suffered security losses of $68.3 million, a decrease of nearly 90% month-over-month

Odaily Planet Daily reported that blockchain security firm CertiK released data showing that in May 2026, the total losses in the crypto sector due to hacking attacks, vulnerabilities, and fraud amounted to approximately $68.3 million. This represents a decrease of nearly 90% compared to the scale of over $650 million in April, making it the third month this year with losses below $100 million. Among these, losses from phishing attacks were about $2.6 million.

In April, the industry's losses surged due to two major attacks on Drift Protocol and KelpDAO, with these two incidents collectively accounting for approximately 95% of the month's losses, making April one of the worst months for losses in recent years.

The institution reminds that while large-scale protocol attacks have decreased, risks such as phishing, deepfakes, and credential leaks are continuously increasing. The focus of attacks is gradually shifting towards personnel and identity systems. The recent decline 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 internal threats remain major risks. (Financefeeds)