CertiK says May is the third month so far in 2026 to record crypto losses under $100 million. Losses from exploits of crypto platforms fell to $68.3 million in May, down almost 90% from the $650 million lost in April, says crypto security company CertiK. “After a particularly bad April, May is now the third month of 2026 to record losses under [$100 million],” CertiK posted to X on Sunday. Around $2.6 million of the total crypto stolen in May was due to phishing attacks, while roughly $9.4 million was recovered or returned, it added. Read more
Cardano Foundation has failed at its second attempt to secure funding from Cardano’s community to fund its annual conference. The Cardano Foundation has canceled its 2026 annual conference after its governance community shot down a revised proposal seeking to fund the event with treasury tokens. “Governance requires not only participation, but also a commitment to accept collective decisions. The Cardano community has spoken and we respect the outcome,” the foundation posted to X on Saturday after voting closed on Friday. The proposal sought to use 7.8 million Cardano (ADA) tokens worth $1.84 million to fund the event. 65.2% of votes were cast in favor of the proposal, which was just short of the 66.67% threshold needed to pass. Read more