Report Shows Decrease in DeFi Hacks and Fraud in May

Subscribe to Alpha Reports for exclusive reports and key insights on airdrops, NFTs, and more. Immunefi's report shows that DeFi protocols experienced a decrease in losses from hacks and frauds in May, with a total of $52.4 million stolen from investors. Ethereum and BNB Chain were the most targeted blockchains, with 9 and 4 incidents respectively. The majority of losses in May were due to the $240 million exploit of Gala Games and SonneFinance being hacked for $20 million, but Gala Games managed to recover ETH worth $22 million from the exploiter.