Cryptocurrency investors lost more than $ 300 million for scams, hacks and exploits in May, according to Blockchain Certik security firm.
Most of these losses were related to the code vulnerability exploits, which represented $ 229 million, an increase of 4,483% in April.
Phishing, who involves an attacker who steals the commercial account of a user or wallet credentials, represented $ 47 million losses, while the private key commitment and price manipulation were behind $ 11.6 million and $ 1 million of losses respectively.
“Our investigation revealed an interesting anomaly in May: a significant increase in the losses of the vulnerabilities of the code, which represented most of the exploited funds,” said Certik Senior Security researcher Blockchain Natalie Newson.
“It is important to note that for a quick years, the losses of the vulnerabilities of the code have decreased significantly. In 2024 $ 173 million were lost with the vulnerabilities of the code, compared to the $ 1.3 billion in 2021”.
The largest incident of all was the exploit of the CETUS protocol that led Sui to stop the block chain controversial when the attackers left with $ 225 million.
