Sonne Finance

Million

Arbalest

Gala

Coin

<ul class="news-points"> 
 <li>May’s crypto losses totaled $42.6M due to hacks, scams, and exploits.</li> 
 <li>Gala Games suffered the largest exploit, losing $21.6M in May.</li> 
 <li>Sonne Finance faced a $20 million flash loan attack, topping the list.</li> 
</ul> 
CertiK verified that in May, the crypto space lost a staggering $42.6 million from a multitude of hacks, exploits, and rug pulls. This sum is a tad higher than the $41.6 million loss in April. 
According to CertiK’s study, exit scam losses in May amounted to $1.8 million, flash loans drained $20.7 million, and exploits siphoned off $19.7 million. Gala Games was hit the hardest in May over a $21.6 million scam. This topped the biggest exploit instances, followed by Sonne Finance, which suffered a $20 million loss. 
Trees On Sol suffered a $1.11 million loss in exit scams in May; Pii Park followed with $490,000; Novamind with $123,019; and Arbalest with $91,520. 
What’s interesting is, that flash loan attacks have resulted in notable losses in odd-numbered months this entire year. Each of January, March, and May had overall losses of $15.3 million, $21.9 million, and $20.7 million. 
By contrast…
The post <a href="https://coinedition.com/certik-report-reveals-42-6-million-in-crypto-losses-in-may/">CertiK Report Reveals $42.6 Million in Crypto Losses in May</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

CertiK Report Reveals $42.6 Million in Crypto Losses in May

Coin Edition

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