Cryptocurrency platform security breaches resulted in $68.3 million in losses during May, according to CertiK data, marking a dramatic 90% decline from the $650 million in damages recorded in April.
The sharp month-over-month decrease suggests improved security postures across major crypto platforms following a particularly damaging spring, when multiple high-profile exploits and vulnerabilities cost the industry nearly three-quarters of a billion dollars. While losses in May remained substantial by historical standards, the improvement indicates either tighter protocol defenses or fewer successful attack vectors deployed against blockchain infrastructure during the period.
Source:cointelegraph.com