In May 2025, scams, hacks, and exploits in the Web3 space resulted in over 302 million USD lost. This is a 16.94% decrease from April’s total loss of 364 million USD.
Code vulnerabilities were responsible for 229.6 million USD in losses, a dramatic increase from 5 million USD in April, indicating the urgent need for enhanced security measures.
DeFi platforms were heavily targeted, suffering losses over 241 million USD. The Cetus hack accounted for the largest incident, resulting in losses of 225.6 million USD.
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