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Crypto Crime Spree: $302M Vanishes in May Amid Scams, Hacks, and Exploits
Crypto Crime Spree: $302M Vanishes in May Amid Scams, Hacks, and Exploits
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Crypto’s wild west strikes again—$302 million evaporated last month, siphoned off by bad actors while regulators played catch-up. CertiK’s latest numbers reveal an ecosystem where security gaps still outpace innovation.
Hacks drained wallets, exit scams ghosted investors, and smart contract exploits turned DeFi’s promise into a punchline. Meanwhile, Wall Street still can’t decide if crypto is the future or a fringe experiment gone wrong.
One thing’s clear: until the industry locks down its vulnerabilities, these heists will keep making traditional bank robbers look like amateurs.
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