losses

According to Bits.media, a large illegal cryptocurrency mining operation was discovered in the city of Nizhny Tagil in Sverdlovsk Oblast, Russia, and the nearby city of Kushva. The mining operation was hidden in an abandoned industrial park and deployed about 10,000 mining machines, which were dismantled by a joint operation of the Federal Security Service of the Russian Federation, the police, and the power company.Local power companies estimate that the losses caused by the long-term illegal electricity usage of this mining operation amount to nearly 1 billion rubles (approximately 12.7 million USD). Investigators stated that its electricity consumption was sufficient to meet the lighting needs of a small city. Law enforcement has arrested three suspects, who are currently under house arrest and are being investigated for "causing property damage through deception or abuse of trust." Under Russian law, those involved could face up to 5 years in prison.Investigations revealed that the operators of the mining site accessed the power grid through intermediaries and allegedly tampered with electricity meter data to cover up the actual electricity usage. Law enforcement agencies stated that the actual electricity consumption of the mining operation was about twice the approved quota. The local energy department initially launched an investigation due to frequent voltage fluctuations, power outages, and equipment failures in the abandoned factory area, ultimately pinpointing the location of the mining operation. A local television station also produced a documentary titled "Mining" to document this operation.

According to monitoring by Lookonchain, as ETH continues to decline, the whale 0xc1b6 deposited 5000 ETH (9.8 million USD) into Kraken to stop losses when ETH fell to 1960 USD.This whale bought 5003 ETH (10 million USD) two months ago at 1999 USD, and would incur a loss of 200,000 USD if sold.

Blockchain security company CertiK's latest data shows that in May 2026, losses in the crypto industry due to hacking, exploitation of vulnerabilities, and fraud amounted to approximately $68.3 million, a decrease of nearly 90% compared to over $650 million in losses in April, making it the third month this year with losses below $100 million.CertiK stated that approximately $2.6 million in losses during May came from phishing attacks. In contrast, in April, significant attacks on Drift Protocol and KelpDAO's infrastructure resulted in losses of approximately $285 million and $292 million, respectively, with these two incidents accounting for about 95% of the total losses for that month, making April one of the worst months for losses since March 2022.Despite the reduction in large-scale attacks at the protocol level, CertiK warns that risks such as phishing attacks, social engineering scams, deepfakes, and credential leaks continue to grow. Researchers point out that an increasing number of attackers are targeting employees, operational systems

According to The Block, Gnosis co-founder and CEO Martin Koppelmann confirmed that the Zodiac delay module related to Gnosis Pay is currently under exploitation. Attackers can initiate transactions from Safe wallets that integrate this module, and Gnosis has requested cross-chain bridge validators to pause to control the risk.Koppelmann stated that Gnosis will cover all user losses and will remove the previous announcement urging users to urgently withdraw EURe and GNO, noting that most users are unable to withdraw their tokens independently. The team is working to control most of the losses and ensure that all users receive full compensation. Gnosis emphasized that the vulnerability is within the Gnosis Pay system, and the core contracts of Safe are unaffected.

According to Cointelegraph, CertiK data shows that losses from attacks on crypto platforms in May dropped to $68.3 million, a nearly 90% decrease from $650 million in April. May became the third month in 2026 with losses below $100 million. Of this, approximately $2.6 million came from phishing attacks, and about $9.4 million of stolen funds have been recovered or returned. The largest single loss in May came from the Verus Protocol cross-chain bridge attack, with $11.5 million stolen; THORChain ranked second, with $10.1 million stolen. Code vulnerabilities were the highest loss type, accounting for about $45 million, or 66%; wallet or private key leaks resulted in $13.7 million in losses. Cross-chain bridges were the primary target of attacks, with losses of $28.6 million, accounting for 42%. DeFiLlama data shows that there were a total of 29 incidents in May, of which 7 involved private key leaks.

According to Onchain Lens monitoring, the whale Loracle has closed its short positions in BTC, LIT, TON, and VVV. The HYPE short position is still being closed, with a remaining 1.518 million HYPE short positions (approximately 10.5 million USD), resulting in a loss of over 36 million USD. New long positions have been opened in ZEC (10x), ASTER, and TON (5x), and the holdings are still increasing.

According to on-chain analyst Yu Jin (@EmberCN), the secondary investment institution Trend Research (@Trend_Research_) under Jackyi has transferred a total of 7.57 million UNI (approximately 24.55 million USD) and 228,700 COMP (approximately 4.44 million USD) to Binance for liquidation within 4 days, resulting in a total loss of approximately 46.98 million USD.

According to monitoring by Onchain Lens, Loracle (@loraclexyz, 0x8def...2dae) is suspected to have begun confirming its HYPE 5x short position loss, which has exceeded 29 million dollars.

According to Gate market data, the Nasdaq 100 index futures have erased earlier losses, and the market performance has shown some recovery.

According to on-chain analyst Onchain Lens (@OnchainLens), the on-chain address "0x2fc" has once again opened a long position of 96.36 BTC with 40x leverage. Previously, this address has made multiple long and short trades on BTC, but most positions have been liquidated, with total losses exceeding 2.77 million dollars.

According to SoSoValue data, the cryptocurrency market sectors show a mixed performance. The SocialFi sector rose 5.90% in 24 hours, with Toncoin (TON) significantly increasing by 8.73%. The DePIN sector increased by 2.99%, with Render (RENDER) rising 9.24% and Grass (GRASS) rising 13.67%.In other sectors, the AI sector rose 0.06%, with Unibase (UB) increasing by 18.95%; the Layer2 sector also rose 0.06%, with Celestia (TIA) increasing by 11.44%.Additionally, the Layer1 sector fell by 0.28%, but NEAR Protocol (NEAR) rose by 12.14%; the CeFi sector decreased by 0.35%, with Bitget Token (BGB) remaining relatively strong, increasing by 0.71%; the Meme sector fell by 1.23%, while MemeCore (M) rose against the trend by 3.63%; the PayFi sector decreased by 1.26%, with Ultima (ULTIMA) surging by 1.59% during the day; the DeFi sector fell by 2.22%, with Hyperliquid (HYPE) pulling back by 3.28% after reaching a new high, dropping below $60.The cryptocurrency sector indices reflecting historical market performance show that the ssiSocialFi and ssiLayer2 indices rose by 7.27% and 0.09% respectively, while the ssiRWA index fell by 9.13%.

According to monitoring by PeckShield, WUSD/GLOVE on Ethereum was attacked, resulting in a loss of approximately $207,000. The attacker has exchanged the stolen assets for about 98 ETH and deposited them into Railgun.

According to Onchain Lens monitoring, Loracle (0x8de...dae) has opened a 3x VVV short position, which is currently its only profitable position; it currently holds positions in HYPE, BTC, LIT, XYZ100, TSLA, as well as a very small TON short position, with a total position value of 141 million dollars and an unrealized loss of over 30 million dollars.

According to crypto KOL Yusuf's monitoring, yesterday the EURR and USDR contracts under the European stablecoin issuer StabIR were attacked, resulting in losses exceeding 10 million dollars.After the incident, over 100,000 dollars of stolen funds have been frozen, and the USDR and EURR have depegged by more than 20%.

"On-chain detective" ZachXBT disclosed on his personal channel that two contracts related to the European stablecoin issuer StablR may have been attacked, with potential losses exceeding $3 million (EURR and USDR). The source of the attacker's funds was through the CCTP platform on Noble. Additionally, ZachXBT revealed 7 attacker addresses currently associated with this security incident.

The U.S. spot Bitcoin ETF recorded a net outflow of approximately $1.26 billion this week, marking the largest single-week capital outflow since late January of this year, and has seen net redemptions for six consecutive trading days. Data shows that this type of product saw an outflow of about $649 million just on Monday. Although there was some easing in the following days, the overall trend of continuous outflow remained. Market participants pointed out that the recent rise in U.S. Treasury yields, the strengthening of the dollar, and geopolitical tensions are among the main reasons for the capital withdrawal.At the same time, Ethereum ETFs are also under pressure, experiencing net outflows for 10 consecutive trading days, the longest outflow period since March 2025. The total outflow for the week was approximately $216 million. Among them, BlackRock's iShares Bitcoin Trust (IBIT) currently manages assets of about $61.1 billion, but this is still below the cumulative capital inflow of about $3.7 billion, indicating that recent market price fluctuations have impacted the value of holdings. As of the ETF trading day's close, the Bitcoin price was around $77,500, and Ethereum was about $2,130, maintaining a narrow range of fluctuations overall. Despite the significant short-term capital outflow, the spot Bitcoin ETF has still seen a cumulative net inflow of about $57.1 billion since its launch, with an asset scale of approximately $98.9 billion.

Analyst Murphy stated that during the two bear market bottoms in February 2019 and January 2022, the number of BTC losses was 10.6 million coins. If this pattern continues in the current bear market, the corresponding bottom price would be around $60,000. Whenever the amount of BTC losses in circulation reaches a certain critical value, the supply side may become exhausted, making it difficult for the price to continue to decline. On February 5, 2026, when BTC fell to $60,000, the loss amount was close to 9.93 million coins. If it returns to $60,000 again, the current BTC chip structure's loss amount will reach 10.6 million coins, which may coincide with the previous bear market bottom.

The Internet Crime Complaint Center (IC3) under the FBI in the United States has released data showing that in 2025, IC3 received over 13,400 complaints regarding the use of cryptocurrency kiosks, with losses exceeding $388 million. Compared to 2024, the number of complaints increased by 23%, and the amount of losses increased by 58%. More than half of the complaints involved individuals over the age of 50, with losses exceeding $302 million.Cryptocurrency kiosks are devices or electronic terminals similar to ATMs that allow users to exchange cash and cryptocurrency. Criminals may lure victims into sending money through cryptocurrency kiosks. In typical complaints received by IC3 regarding cryptocurrency kiosks, criminals provide individuals with detailed instructions on how to withdraw money from banks, how to locate kiosks, and how to use the kiosks for deposits and remittances. IC3 warns that the relevant statistics pertain to scam complaints involving cryptocurrency ATMs, and the overall losses may not be solely caused by cryptocurrency ATMs alone.

On-chain detective ZachXBT disclosed that the UMA CTF adapter contract of Polymarket seems to have been attacked on Polygon, with over $520,000 stolen.

According to crypto analyst Ai Yi @ai_9684xtpa, a whale address that has attracted attention for multiple high-win-rate swing trades of PEPE has transferred all of its remaining 63.9 billion PEPE to Bitget in the past 12 hours, valued at approximately $2.357 million, suspected to have completed liquidation.Data shows that the recharge price for this portion of PEPE was about $0.000003687, with an entry cost of about $0.00001683. If sold, it would incur a loss of approximately $8.4 million. Combined with the portion of the position that was transferred to exchanges two months ago, the total estimated loss has exceeded $17.12 million. Additionally, this address has also recharged other altcoins such as UNI and CAKE to the exchange, and it is currently uncertain whether it plans to fully liquidate or is simply changing addresses.