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CertiK Report Reveals December Crypto Losses Dropped to 2024’s Lowest at $28.6M
According to a recent report by blockchain security company CertiK, the month of December witnessed an unprecedented drop in crypto losses, with the total amount lost reaching just $28.6 million. This significant decline marks a stark contrast to previous months, where losses had reached tens of millions.
The report highlights that exploits accounted for the majority of losses, resulting in damages totaling $26.7 million. Flash loan attacks and exit scams contributed $1.7 million and $200,000 respectively. Notably, Gempad was the largest single exploit in December, with losses totaling a staggering $2.14 million.
Other significant exploits reported include FBD at $1.07 million and Vesta DAO at $401,428. The data suggests that there has been a sharp decline in overall losses in December, a stark departure from peak months earlier this year where losses had reached tens of millions.
Notably, the report also highlights the growing threat posed by phishing scams. One notable incident involved a cryptocurrency user who lost a substantial amount after falling victim to a phishing scam initiated through a malicious KakaoTalk meeting link shared via direct message on X. The attacker allegedly transferred funds to a wallet linked to BingX exchange.
Furthermore, Animoca Brands’ co-founder Yat Siu’s X account was hacked, despite employing two-factor authentication (2FA). Phishing scammers successfully promoted a fraudulent token called “MOCA” through Pump.fun, targeting over 15 crypto-focused accounts and stealing nearly $500,000.
Source: cryptopotato.com
