Crypto scams and exploits in May led to $60M loss: CertiK

Crypto-related exploits, hacks, and scams in May resulted in nearly $60 million in losses, according to blockchain security firm Certik.

On May 31, CertiK confirmed that malicious players in the industry stole $59.8 million through exit scams, flash loan attacks, and DeFi protocol exploits. This brought the total year-to-date malicious losses to $489.57 million.