{"id":43567,"date":"2025-06-01T17:00:53","date_gmt":"2025-06-01T14:00:53","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=43567"},"modified":"2025-06-01T16:22:36","modified_gmt":"2025-06-01T13:22:36","slug":"244m-lost-to-crypto-hacks-in-may-despite-40-drop-in-attacks","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/244m-lost-to-crypto-hacks-in-may-despite-40-drop-in-attacks\/","title":{"rendered":"$244M Lost To Crypto Hacks In May Despite 40% Drop In Attacks"},"content":{"rendered":"<p data-start=\"3462\" data-end=\"3752\">According to blockchain security firm <strong data-start=\"3500\" data-end=\"3514\">PeckShield<\/strong>, around $244.1 million was lost in 20 major crypto hacks during May 2025 \u2014 a 39% drop compared to April. However, the decline doesn\u2019t paint a full picture, as one attack alone accounted for nearly $223 million in damages.<\/p>\n<p data-start=\"3754\" data-end=\"4049\">The biggest blow came on May 22, when <strong data-start=\"3796\" data-end=\"3805\">Cetus<\/strong>, a decentralized exchange, was compromised. Hackers exploited a flaw in the <em>\u201cmost significant bits\u201d<\/em> (MSB) check, manipulating liquidity parameters and creating disproportionately large positions, according to cybersecurity firm <strong data-start=\"4038\" data-end=\"4048\">Dedaub<\/strong>.<\/p>\n<hr \/>\n<p data-start=\"4051\" data-end=\"4205\"><em>You Might Be Interested In: <span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/coinengineer.net\/blog\/elon-musk-talks-about-the-name-of-a-new-memecoin\/\">Elon Musk Talks About the Name of a New Memecoin!<\/a><\/span><\/em><\/p>\n<hr \/>\n<p data-start=\"4051\" data-end=\"4205\">In a partial win for the ecosystem, <strong data-start=\"4087\" data-end=\"4096\">Cetus<\/strong> and the <strong data-start=\"4105\" data-end=\"4120\">Sui Network<\/strong> managed to freeze $157 million, representing about 71% of the stolen assets.<\/p>\n<p data-start=\"4051\" data-end=\"4205\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-157358 \" src=\"https:\/\/coinmuhendisi.com\/blog\/wp-content\/uploads\/2025\/06\/kripto-hack.png\" alt=\"kripto, hack\" width=\"770\" height=\"550\" \/><\/p>\n<h2 data-start=\"4212\" data-end=\"4249\">DeFi Platforms Remain Under Siege<\/h2>\n<p data-start=\"4251\" data-end=\"4461\">The second-largest incident in May targeted the <strong data-start=\"4299\" data-end=\"4316\">Cork Protocol<\/strong>, resulting in a $12 million loss. Attackers stole approximately 3,761 Wrapped Staked Ether (wstETH) and quickly converted it to <strong data-start=\"4453\" data-end=\"4460\">ETH<\/strong>.<\/p>\n<p data-start=\"4463\" data-end=\"4493\">Other major breaches included:<\/p>\n<ul>\n<li data-start=\"4497\" data-end=\"4551\">A suspected North Korea-linked $5.2 million hack<\/li>\n<li data-start=\"4554\" data-end=\"4603\">An <strong data-start=\"4557\" data-end=\"4570\">MBU token<\/strong> exploit worth $2.2 million<\/li>\n<li data-start=\"4606\" data-end=\"4683\">A <strong data-start=\"4608\" data-end=\"4631\">MapleStory Universe<\/strong> vulnerability that led to a $1.2 million loss<\/li>\n<\/ul>\n<p data-start=\"4685\" data-end=\"5045\">Amid growing pressure, the crypto industry is boosting its defense posture. On May 31, <strong data-start=\"4772\" data-end=\"4789\">Cointelegraph<\/strong> reported that <strong data-start=\"4804\" data-end=\"4816\">BitMEX\u2019s<\/strong> security team identified operational gaps within the <strong data-start=\"4870\" data-end=\"4887\">Lazarus Group<\/strong>, a state-sponsored North Korean hacker unit. The counter-operation exposed key infrastructure elements like IP addresses, databases, and tracking algorithms.<\/p>\n<p data-start=\"5047\" data-end=\"5270\">Despite the dip in May, earlier months were worse. In Q1 2025 alone, hackers stole over $1.63 billion, with <strong data-start=\"5159\" data-end=\"5170\">Bybit<\/strong>\u2019s February breach accounting for $1.53 billion \u2014 one of the most severe crypto thefts in history.<\/p>\n<hr \/>\n<p data-start=\"5047\" data-end=\"5270\"><em>You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<span style=\"color: #0000ff;\"><a href=\"https:\/\/t.me\/coinengineernews\">Telegram<\/a><span style=\"color: #000000;\">,<\/span>\u00a0<a style=\"color: #0000ff;\" href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">YouTube<\/a><\/span><span style=\"color: #000000;\">,<\/span>\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\"><span style=\"color: #0000ff;\">Twitter<\/span><\/a>\u00a0channels for the latest<span style=\"color: #0000ff;\">\u00a0<a style=\"color: #0000ff;\" title=\"News\" href=\"https:\/\/coinengineer.net\/blog\/news\/\" data-internallinksmanager029f6b8e52c=\"7\">news<\/a><\/span>\u00a0and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to blockchain security firm PeckShield, around $244.1 million was lost in 20 major crypto hacks during May 2025 \u2014 a 39% drop compared to April. However, the decline doesn\u2019t paint a full picture, as one attack alone accounted for nearly $223 million in damages. The biggest blow came on May 22, when Cetus, a<\/p>\n","protected":false},"author":28,"featured_media":34013,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,657,2],"tags":[22,61,5476,60,17023,17022,16673,17025,17028,14111,12775,17027,17024,106,105,5913,17029,17026,2122,8430],"class_list":["post-43567","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-en","category-news","tag-binance","tag-bitcoin","tag-blockchain-security","tag-btc","tag-bybit-breach","tag-cetus-exploit","tag-cork-protocol","tag-crypto-cybercrime","tag-crypto-exchange-attacks","tag-crypto-hacks","tag-crypto-risk","tag-dedaub","tag-defi-vulnerabilities","tag-eth","tag-ethereum","tag-lazarus-group","tag-may-2025-crypto-losses","tag-peckshield-report","tag-sui-network","tag-wsteth"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>$244M Lost To Crypto Hacks In May Despite 40% Drop In Attacks - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/244m-lost-to-crypto-hacks-in-may-despite-40-drop-in-attacks\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"$244M Lost To Crypto Hacks In May Despite 40% Drop In Attacks - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"According to blockchain security firm PeckShield, around $244.1 million was lost in 20 major crypto hacks during May 2025 \u2014 a 39% drop compared to April. However, the decline doesn\u2019t paint a full picture, as one attack alone accounted for nearly $223 million in damages. The biggest blow came on May 22, when Cetus, a\" \/>\n<meta property=\"og:url\" content=\"https:\/\/coinengineer.net\/blog\/244m-lost-to-crypto-hacks-in-may-despite-40-drop-in-attacks\/\" \/>\n<meta property=\"og:site_name\" content=\"Coin Engineer\" \/>\n<meta property=\"article:published_time\" content=\"2025-06-01T14:00:53+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-06-01T13:22:36+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/12\/Hacker-Earns-500000-After-Taking-Over-15-X-Accounts.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1080\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Yigit Taha OZTURK\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Yigit Taha OZTURK\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/coinengineer.net\/blog\/244m-lost-to-crypto-hacks-in-may-despite-40-drop-in-attacks\/\",\"url\":\"https:\/\/coinengineer.net\/blog\/244m-lost-to-crypto-hacks-in-may-despite-40-drop-in-attacks\/\",\"name\":\"$244M Lost To Crypto Hacks In May Despite 40% Drop In Attacks - 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