According to the latest data from blockchain security company CertiK, the crypto industry suffered approximately $68.3 million in losses due to hacking, exploitation, and fraud in May 2026, a nearly 90% decrease from the over $650 million losses in April, making it the third month this year with losses below $100 million.
CertiK stated that approximately $2.6 million in losses in May were due to phishing attacks. In contrast, April saw significant attacks on Drift Protocol and KelpDAO infrastructure, resulting in losses of approximately $285 million and $292 million, respectively. These two incidents accounted for about 95% of the total losses in April, making it one of the worst-performing months since March 2022.
Despite the decrease in large-scale attacks at the protocol level, CertiK warns that risks such as phishing attacks, social engineering scams, deepfakes, and credential breaches continue to rise.
CertiK emphasized that the decline in losses in May reflects more the lack of large-scale security incidents and does not mean that the industry's security situation has fundamentally improved. Cross-chain bridge vulnerabilities, protocol flaws, insider threats, and social engineering attacks remain the main risks facing the crypto industry.
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