🚀Crypto world took a $42.6M hit in May, but hey, we bounced back with a $96.2M recovery!💪 Flash loan attacks were the main culprit, causing $20.7M in losses. Sonne Finance and TLN Protocol felt the sting the most.

🔍Exploits also left a mark, accounting for $19.7M in losses. Gala Games, AlexLab, Pump Fun, GNUS.ai, and Orion were the major victims. Exit scams, though less common, still contributed $1.8M to the losses.

📈Interestingly, flash loan attacks have been causing significant losses in odd-numbered months this year. February saw the most severe loss due to exit scams, totaling $58.3M.

🔐In 2024 so far, over $473M worth of crypto has been lost to hacks and rug pulls across 108 incidents, according to Immunefi. DeFi market remains the prime target for hackers.

🎯In May 2024, Ethereum and BNB Chain were the most targeted chains, representing 62% of total losses.

💭What's your take on these stats? How can we make the crypto world safer? Share your thoughts below! #CryptoSecurity #DeFi #CryptoNews