Crypto Exploit Losses Reach $68 Million In May Despite Limited Phishing Damage

The cross-chain lender that once held more than $300M in deposits now has $2.21M in total value locked, a sub-$2M market cap, and no remaining major-exchange listing — the slow end-state of an October 2024 exploit Mandiant traced to North Korea.

Co-founder Martin Köppelmann said the company will make all users whole after attackers exploited the smart-contract module that governs Gnosis Pay card accounts. No loss figure has been disclosed.

Gnosis Pay faces an active exploit in its delay module as co‑founder Martin Köppelmann walks back a warning urging users to withdraw funds and vows to repay those affected.

CertiK says May is the third month so far in 2026 to record crypto losses under $100 million.

The post Crypto hack losses drop 90% to $68.3M in May, CertiK says appeared on BitcoinEthereumNews.com. CertiK has reported that crypto losses from hacks and exploits have fallen to $68.3 million in May, nearly 90% lower than the roughly $650 million stolen in April. Summary Crypto losses fell to $68.3 million in May, nearly 90% lower than the roughly $650 million recorded in April, according to CertiK. Verus Protocol and THORChain suffered the two largest exploits of the month, with combined losses exceeding $21 million. CertiK reported a rise in AI-assisted malware activity as attackers targeted code repositories and AI coding tools. According to blockchain security firm CertiK, May became the third month of 2026 to record less than $100 million in crypto-related losses after attackers stole $68.3 million through exploits, scams, and security breaches. #CertiKStatsAlert 🚨 Combining all the incidents in May we’ve confirmed ~$68.3M lost to exploits with~$2.6M of the total attributed t

CertiK has reported that crypto losses from hacks and exploits have fallen to $68.3 million in May, nearly 90% lower than the roughly $650 million stolen in April. According to blockchain security firm CertiK, May became the third month of…

The post Gravity Bridge Loses $5,4M in Suspected Key Compromise Attack appeared on BitcoinEthereumNews.com. According to blockchain security researchers, the incident may have been caused by a compromised contract key, which allowed an attacker to withdraw millions in USDC, WETH, USDT, and PAXG. After the exploit, the Gravity Bridge team halted bridge operations and instructed validators to stop their validators and orchestrators while the incident is investigated. Hackers Steal $5.4M From Gravity Bridge Gravity Bridge, a decentralized cross-chain protocol that enables asset transfers between the Ethereum and Cosmos ecosystems, suffered a major security incident that resulted in the loss of approximately $5.4 million worth of digital assets. The exploit was first identified by on-chain analyst Specter, who reported unusual outflows from the protocol and suggested that the bridge’s contract key may have been compromised. According to Specter, the suspected compromise allowed an attacker

The post Fake Bridge Messages Let Hacker Drain $815,000 From Alephium appeared on BitcoinEthereumNews.com. Alephium’s (ALPH) TokenBridge was drained of approximately $815,000 after an attacker exploited a flaw that allowed forged messages to pass through the protocol’s guardian network and authorize fraudulent token transfers. The Alephium team confirmed that blockchain security firm Blockaid was the first to detect the exploit. The Security Alliance’s SEAL_911 emergency response unit also provided assistance and responsiveness throughout the subsequent investigation. Exploit Drains $815,000 in Under 7 Minutes The attacker moved funds from the Alephium TokenBridge on both Ethereum and BNB Chain in roughly seven minutes. On Ethereum, losses included 200,967 Tether (USDT), 17,594 USD Coin (USDC), 5.18 Wrapped Ether (WETH), and 0.335 Wrapped Bitcoin (WBTC). An additional 36,750 USDT and 24.386 Wrapped BNB were removed from the BNB Chain side of the bridge. The attacker also minted 13.76 m