According to PeckShield, 20 major crypto hacks were reported in May, resulting in total losses of $244.1 million. In May, the total amount stolen from crypto hacks declined drastically compared to April, with the largest incident making up around 90% of the month’s total, according to a blockchain security firm. The decline comes as the crypto industry has been stepping up its efforts to stay ahead of hackers. “In May 2025, ~20 major crypto hacks were recorded, resulting in total losses of $244.1M — a 39.29% decrease from April,” blockchain security firm PeckShield said in a May 31 X post. The most significant hack of the month occurred on the Cetus decentralized exchange on May 22, with $223 million in user losses within 24 hours. Read more
Ross Ulbricht’s auction of personal belongings fetched more than $1.8M in Bitcoin, with standout items like his prison ID card and artwork drawing top bids. An auction of personal belongings from Silk Road founder Ross Ulbricht has brought in more than $1.8 million worth of Bitcoin as collectors vied for pieces of crypto history. Ulbricht, who was pardoned by former President Donald Trump earlier this year, offered a range of items through Bitcoin-only marketplace Scarce City. The collection included personal effects from before his 2013 arrest — such as a sleeping bag, backpack, and drum — as well as prison memorabilia like a lock, notebook, clothing, and several paintings created while incarcerated. Read more
Elon Musk on Saturday denied a report that he used ketamine and other drugs extensively last year on the 2024 campaign trail. The New York Times reported on Friday that the billionaire adviser to United States President Donald Trump used so much ketamine, a powerful anaesthetic, that he developed bladder problems. The newspaper said the world’s richest person also took ecstasy and mushrooms and travelled with a pill box last year, adding that it was not known whether Musk also took drugs while heading the so-called Department of Government Efficiency (DOGE) after Trump took power in January. In a post on Saturday on X, Musk said: “To be clear, I am NOT taking drugs! The New York Times was lying their ass off.” He added: “I tried ‘prescription’ ketamine a few years ago and said so on X, so this not even news. It helps for getting out of dark mental holes, but haven’t taken it since then.” Musk first dodged a question about his drug use at a bizarre farewell appearance on Friday with Trump in the Oval Office in...