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Attacks in the Crypto Field in May Caused a Total Loss of About 59.8 Million US Dollars

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Today’s Cryptocurrency Headline

According to CertiK Alert data, the crypto sector has witnessed a total loss of approximately $59.8 million due to attack incidents in May. Exit scams accounted for losses of around $38.8 million, while flash loan attacks caused losses of approximately $1.7 million. Exploitation of vulnerabilities resulted in losses of around $19.3 million. These figures highlight the significant financial impact of various attacks in the crypto space this month, underscoring the need for enhanced security measures and vigilance among participants.

BingX’s Bitcoin Chart

Source: TradingView & BingX

On the daily chart, BTC showed a surge in buying volume early Monday, causing the Bollinger Bands to diverge and move upward. However, the price failed to sustain the breakout above the upper band and began retracing. Currently, the Bollinger Bands maintain a divergent state, with the price trading between the middle and lower bands, indicating a lack of strong momentum.

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