According to @AltcoinGordon, more than $300 million was lost due to crypto exploits in May 2025, highlighting a significant surge in security breaches across the digital asset market (source: Twitter, June 5, 2025). Traders are urged to implement robust asset protection strategies, including using hardware wallets, enabling two-factor authentication, and staying updated on smart contract vulnerabilities. These high-profile losses signal increased risk volatility, which could impact short-term trading sentiment and liquidity across major cryptocurrencies.

According to Phantom, crypto traders should avoid copying/pasting private keys, clicking on random links, or installing untrusted software to enhance security. They recommend updating operating systems and browsers, using password managers like 1Password instead of plaintext storage, and considering hardware wallets for additional security measures.