Cryptocurrency investors have lost more than $ 300 million for scams, pirates and exploits in May, according to the security company Blockchain, Certik.
The majority of these losses were linked to the vulnerability exploits of the code, which represented $ 229 million – an increase of 4,483% in April.
Phishing, which involves a flying striker a user trading account or portfolio identification information, represented $ 47 million in losses while private key compromises and price manipulation were at the origin of $ 11.6 million and $ 1 million losses respectively.
“Our research has revealed an interesting anomaly in May: a significant increase in the loss of code vulnerabilities, which represented the majority of funds exploited,” said Natalie Newson, Blockchain Safety Safety, Certik.
“It is important to emphasize that over the past years, the losses of the code vulnerabilities have decreased considerably. In 2024, $ 173 million was lost in the code vulnerabilities, against $ 1.3 billion in 2021.”
The biggest incident of all was the feat of the Cetus protocol which encouraged the blockchain to controversial while the attackers left with $ 225 million.
