Crypto Hack Losses Drop 90% in May After Brutal April
The post Crypto Hack Losses Drop 90% in May After Brutal April appeared on BitcoinEthereumNews.com. The largest incidents involved Verus Protocol and THORChain, which lost $11.5 million and $10.1 million, respectively. Code vulnerabilities accounted for roughly two-thirds of all losses, while compromised wallets and private keys were the second-largest cause. Cross-chain bridges were the most targeted sector, responsible for 42% of total losses. Crypto Exploit Losses Drop Losses from crypto-related exploits and security breaches dropped quite a bit in May 2026. According to blockchain security firm CertiK, total losses from crypto platform exploits reached approximately $68.3 million during the month, which was an almost 90% drop compared to the $650 million that was lost in April. The sharp decrease makes May the third month of 2026 in which crypto-related losses stayed below the $100 million mark. CertiK also reported that around $9.4 million of the stolen funds were eventually recov