CertiK: In May, the cryptocurrency market suffered losses of $68.3 million due to theft, a decrease of nearly 90% compared to the previous month
Blockchain security company CertiK's latest data shows that in May 2026, losses in the crypto industry due to hacking, exploitation of vulnerabilities, and fraud amounted to approximately $68.3 million, a decrease of nearly 90% compared to over $650 million in losses in April, making it the third month this year with losses below $100 million.CertiK stated that approximately $2.6 million in losses during May came from phishing attacks. In contrast, in April, significant attacks on Drift Protocol and KelpDAO's infrastructure resulted in losses of approximately $285 million and $292 million, respectively, with these two incidents accounting for about 95% of the total losses for that month, making April one of the worst months for losses since March 2022.Despite the reduction in large-scale attacks at the protocol level, CertiK warns that risks such as phishing attacks, social engineering scams, deepfakes, and credential leaks continue to grow. Researchers point out that an increasing number of attackers are targeting employees, operational systems
