May crypto exploit losses fall to about $68M as bridge and AI-driven threats persist

Crypto exploit losses totaled about $68 million in May, down sharply from April's $650 million, with code vulnerabilities and bridge exploits still driving most damage. The largest events included Verus Protocol's ~$11.5 million bridge incident on May 18 and a THORChain attack of about $10 million that briefly halted trading. Analysts also flagged a growing pattern of AI-assisted malware and attempts to poison AI coding tools, even as phishing losses stayed near $2.6 million.