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Reports reveal that the crypto industry lost $42.6 million to hackers in May 2024, with flash loan attacks being the primary cause. Ethereum and BNB were the most targeted blockchains, and even established platforms like Gala Games and Sonne Finance were not immune to attacks. However, $96.2 million was recovered, mitigating the economic impact. Amid growing concerns of scams, Coinbase has warned about the prevalence of deepfake scams in the industry.