Crypto Crooks Targeted $244M in May, Hack Losses Down 40% — PeckShield

Fake Security Firms Target Crypto Users in Rising Scam Wave

The post Fake Security Firms Target Crypto Users in Rising Scam Wave appeared on BitcoinEthereumNews.com. Crime Crypto-focused cybercriminals are ramping up their deception tactics, now posing as reputable blockchain security firms to steal user assets. These schemes not only drain funds but also implicate victims, complicating their ability to recover stolen assets. The surge in such sophisticated scams coincides with a sharp rise in overall cr…

Crypto Hacks In May 2025 Hit $244M, But $157M Frozen In Swift Recovery Efforts

The total amount of crypto losses from hacks in May 2025 reached $244 million across 20 major incidents, with $157 million successfully recovered and a 39.29% drop from April.  The largest breach occurred on Cetus DEX, resulting in $223 million stolen through an MSB flaw.  Crypto fraud has continued to see a high rise, with reports detailing that about $244 million was lost in May 2025 due to hacks, with nearly 20 major incidents. Despite the hi…

Crypto Theft Drops 40%, But $244M Still Stolen in May: PeckShield Report

The world of cryptocurrency has been rattled once again by a series of breaches targeting various blockchain protocols. Recent investigations and reports by PeckShield, a blockchain security and data analytics company, have brought to light that three prominent decentralized finance (DeFi) protocols — Sui, Cetus, and Cork — have been compromised. These incidents highlight the continual vulnerabilities in the crypto industry and underscore the im…

Crypto Scammers Stole $244M in May, Losses Decline 40% - Blockchain & Cryptocurrencies Tabloid

Crypto scammers stole $244 million in May 2025, down 40% from April, says PeckShield. The post Crypto Scammers Stole $244M in May, Losses Decline 40% appeared first on Blockchain & Cryptocurrencies Tabloid.

Crypto crooks targeted $244M in May, hack losses down 40% — PeckShield - WorldNL Magazine

According to PeckShield, 20 major crypto hacks were reported in May, resulting in total losses of $244.1 million. 1238 Total views 9 Total shares In May, the total amount stolen from crypto hacks declined drastically compared to April, with the largest incident making up around 90% of the month’s total, according to a blockchain security firm.The decline comes as the crypto industry has been stepping up its efforts to stay ahead of hackers. “In …

Major crypto hacks fell 40% in May, says PeckShield

In May, the overall quantity taken from crypto hacks decreased significantly compared to April, with the biggest occurrence comprising around 90% of the month’s overall, according to a blockchain security company. The decrease comes as the crypto market has actually been stepping up its efforts to remain ahead of hackers. “In Might 2025, ~ 20 significant crypto hacks were taped, leading to overall losses of $244.1 M– a 39.29% decline from April,…