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PeckShield Reports Shocking Crypto Hacks Hit $244M in May, $157M Recovered

  • Crypto hacks dropped to $244.1M in May 2025, showing notable industry-wide security improvement.
  • Cetus Protocol faced the largest breach, but $157M was successfully frozen, reducing the overall impact.
  • Increased vigilance and counter-operations reveal stronger cybersecurity efforts against state-linked and decentralized platform attacks.
  • Response from the cryptocurrency industry includes deploying increased monitoring and countermeasures against threats, indicating a proactive stance towards cybersecurity.

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