Approximately ₩340 billion in damages caused by hacking in May alone

Uk Jin

Summary

It was reported that approximately ₩340 billion in hacking damages occurred in the virtual asset market during May.
A significant portion of the total damages occurred at Cetus, and part of the frozen assets is expected to be recovered.
Although the amount of hacking damages decreased by 39.29% compared to the previous month, security risks persist across various projects.

The unresolved issue of 'hacking' in the virtual asset (cryptocurrency) market continued without exception in May.

On the 1st (KST), BlockBits, citing data from PeckShield, reported that a total of $244.1 million (approximately ₩340 billion) in damages from hacking occurred in the virtual asset market during May. This figure represents a 39.29% decrease compared to the previous month.

Most of the hacking damage occurred at the Sui (SUI)-based decentralized exchange (DEX), Cetus. Previously, on the 22nd, Cetus suffered a theft of virtual assets worth $223 million. Immediately following the incident, Cetus succeeded in identifying the hacker's wallet address and froze $162 million of the stolen assets. Afterward, the community's feedback was collected, and it is planned that the frozen assets will be forcibly recovered.

In addition, damages were reported in May at Kork Protocol ($12 million), individual investor wallets hacked by North Korea ($5.2 million), MBU Token ($2.2 million), and MapleStory U ($1.2 million).

SUI