According to @NFT5lut on Twitter, there has been a noticeable increase in crypto wallet hacks, with the user reporting that their own wallet was recently drained (source: Twitter, May 23, 2025). This spike in wallet breaches highlights an urgent security concern for crypto traders, as compromised wallets can lead to significant asset losses and increased market volatility. Traders are advised to review their wallet security practices, enable multi-factor authentication, and monitor blockchain security alerts to reduce risk exposure. The trend of rising wallet hacks could also impact trading volumes and price stability for major cryptocurrencies, as more users move assets off hot wallets and exchanges to enhance safety.