Crypto Hackers Make Off with $244M in May—But Don’t Worry, It’s Down 40%! 😂

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Ah, May 2025, the month when crypto hacks decided to show a little mercy. Compared to April’s frenzy, the total amount stolen took a sharp dive. But wait, don’t get too excited—one hack still managed to grab about 90% of the loot. How generous of them! 🧐

According to PeckShield, a blockchain security firm that always seems to know what’s going on (probably because they actually pay attention), around 20 major hacks were recorded, amounting to $244.1M in losses. That’s a 39.29% drop from April! If only the hackers knew how to get the memo and stop stealing. 🙄

The Big One: $223M Vanishes in the Blink of an Eye

The biggest hack of the month, which will surely go down in infamy, took place on May 22 on the Cetus decentralized exchange. A cool $223 million vanished in just 24 hours. Makes you wonder how these guys even sleep at night. 😴

Apparently, the hackers found a tiny flaw in the system (the most significant bits check—whatever that means), and suddenly they were making huge moves like it was a game of Monopoly. Just a few clicks, and bam! They were richer than any of us will ever be. 🤑

But hold your applause—the hero of the story is Cetus and the Sui Network, who managed to freeze $157 million of the stolen funds. That’s about 71% of the total loot. Pretty good for a bunch of hackers who were hoping to take it all. 😅

The second-largest hack this month? A lovely $12 million stolen from the DeFi platform Cork Protocol. Some hacker, probably with too much time on their hands, made off with 3,761 Wrapped Staked Ether (wstETH). Apparently, converting it to Ether was just as easy as stealing candy from a crypto baby. 🍬

The last three in the top five? A hack that suspiciously smells like something North Korean ($5.2 million), an MBU token exploit for $2.2 million, and a MapleStory Universe exploit that sounds like a joke but still cost $1.2 million. Big wins all around! 👏

The Crypto Industry Gets a Bit More Serious

The good news? The crypto world isn’t just sitting around watching these hackers make a fortune. No, no, they’re stepping up their game. On May 31, CryptoMoon reported that BitMEX’s security team uncovered some glaring security flaws in the Lazarus Group, a notorious North Korean cybercrime syndicate. Talk about a plot twist! 🕵️‍♂️

While the hackers were raking in billions earlier this year, PeckShield notes that the first quarter of 2025 saw a whopping $1.63 billion in crypto stolen. But don’t worry—over 92% of that was just one attack on Bybit. Small consolation, I know. 😬

And let’s not forget January, where $87 million in crypto vanished into thin air. February? Oh, you know, just a casual $1.53 billion, mostly thanks to that Bybit attack. Truly, hackers are living the dream. 😤

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2025-06-01 10:26