Crypto Losses Hit $275M Across 8 Incidents in May 2025
- Security
- DeFi
May 2025 kicked off with a brutal wave of crypto exploits, totaling $275.9 million lost across just 8 recorded incidents. DeFi and CeFi platforms alike were targeted, exposing persistent vulnerabilities in the space. CT erupted with frustration over recurring security lapses, with threads dissecting each hack gaining massive traction. The sheer scale of losses underscored the ongoing battle between builders and blackhats in crypto.
Incident Details
- Type
- PROTOCOL EXPLOIT
- Funds Lost
- $276M
- Status
- Ongoing
Various affected projects issued statements, but recovery efforts and specifics on each incident remain unclear.