In May, hacker losses plummeted 90%, but code vulnerabilities remain the biggest risk area; cross-chain bridge security still needs to be closely monitored.

CoinWorld News reports that, according to Certik's report, losses caused by crypto hackers and vulnerabilities in May dropped to $68.3 million, a decrease of nearly 90% from approximately $650 million in April. This is the third month since 2026 where crypto-related losses have been recorded below $100 million. Of the losses in May, about $2.6 million were attributed to phishing. Despite the significant decline in losses, several major attacks still impacted the industry, including an attack on the Verus protocol cross-chain bridge, which caused $11.5 million in losses. Certik also pointed out that code vulnerabilities remain the most costly attack method, with approximately $45 million in losses stemming from protocol code flaws.