Close Menu
Cryprovideos
    What's Hot

    How The UK’s Crypto Tax Maze Is Driving Customers Away

    September 1, 2025

    Trump Claims India is Slashing Tariffs Towards the U.S. and Right here is Why

    September 1, 2025

    Finest Meme Cash to Purchase Now – Trending Initiatives in Their Presale Stage – CryptoDnes EN

    September 1, 2025
    Facebook X (Twitter) Instagram
    Cryprovideos
    • Home
    • Crypto News
    • Bitcoin
    • Altcoins
    • Markets
    Cryprovideos
    Home»Crypto News»Crypto Hack And Rip-off Losses Drop To $29 Million In December – A Welcome Reduction?
    Crypto Hack And Rip-off Losses Drop To  Million In December – A Welcome Reduction?
    Crypto News

    Crypto Hack And Rip-off Losses Drop To $29 Million In December – A Welcome Reduction?

    By Crypto EditorJanuary 3, 2025No Comments3 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email


    The crypto group continues to reel from losses as a consequence of scams and hacks. In keeping with Chainalysis information, funds stolen from crypto platforms elevated by 21% from final 12 months to $2.2 billion.

    And for the fourth straight 12 months, losses from hacking and crypto scams exceeded $1 billion. Whereas hacking and crypto scams stay an issue for buyers, retailers, and the group, no less than one improvement is value everybody’s consideration.

    In keeping with PeckShield and Certik, December’s hacking and rip-off losses solely hit $29 million, the bottom in 2024. Stories and evaluation from market commentators counsel that scams and hacking incidents slowed down within the final quarter of the 12 months, with December registering the smallest quantity of losses.

    December’s Losses Lowest This Yr

    In a Twitter/X submit on December thirty first, Certik introduced that the business misplaced $28.6 million to hacks, exploits, and scams in December, in comparison with $115.8 million in October and one other $63.8 million in November. The safety agency shared a chart as an example the explanations for these losses.

    #CertiKStatsAlert 🚨

    Combining all of the incidents in December we’ve confirmed ~$28.6m misplaced to exploits, hacks and scams.

    December’s losses are the bottom month-to-month losses we recorded in 2024.

    Exit scams: ~$0.2m
    Flash loans: ~$1.7m
    Exploits: ~$26.7m

    Extra particulars beneath 👇 pic.twitter.com/gkQ06y4ndz

    — CertiK Alert (@CertiKAlert) December 31, 2024

    In the identical submit, November losses have been the second lowest, at $63.8 million. In keeping with Certik, the losses in November could be attributed to exit scams, flash loans, and exploits, which amounted to $48.5 million of the full.

    For December, the full losses amounted to $28.6 million, with the majority of the losses as a consequence of phishing scams. In keeping with the Certik chart, one sufferer misplaced over $7.8 million as a consequence of a phishing rip-off.

    Crypto Hack And Rip-off Losses Drop To $29 Million In December – A Welcome Reduction?
    Whole crypto market cap at present at $3.34 trillion. Chart: TradingView

    Exploits have been additionally an issue in December, with Gempad dropping over $2 million. Subsequent on the record is the exploit of FEG, which registered a lack of $1 million. In keeping with a Certik evaluation, the loss on FEG was as a consequence of an error within the message verification course of.

    PeckShield Shares Related Information

    PeckShield, a preferred blockchain safety firm, additionally shared comparable information in a current posting on Twitter/X. In keeping with its submit, the business witnessed over 25 hacks, which resulted in losses of over $24.7 million, reflecting a 71% lower from the earlier month.

    #PeckShieldAlert December 2024 noticed 25+ hacks within the crypto house, leading to ~$24.7 million in losses—a 71% lower in comparison with final month. #Top5 Hacks:
    –#LastPass: $12.38 million
    –#Yeifinance: $2.2 million
    –#GemPad: $2.2 million
    –#MEMECoin Drainer: A sufferer was drained… pic.twitter.com/p1Y8vjLMfp

    — PeckShieldAlert (@PeckShieldAlert) January 1, 2025

    In the identical submit, PeckShield shared the Prime 5 hacks for December, which included Final Cross, which misplaced $12.38 million, Yetifinance ($2.2 million), and GemPad ($2.2 million).

    Cyvers 2024 Net Safety Report Exhibits Identical Information

    A report by Cyvers 2024 Safety disclosed that in 165 circumstances in 2024, cryptocurrencies value greater than $2.3 billion have been misplaced. The safety workforce stated that that is 40% greater than what hackers bought final 12 months, after they stole $1.69 billion value of tokens.

    Deddt Lavid, CEO and co-founder of Cyver, thinks that the rise in crypto theft this 12 months is almost certainly as a consequence of safety holes in entry controls, particularly at crypto storage suppliers and centralized crypto platforms.

    Featured picture from Pexels, chart from TradingView





    Supply hyperlink

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    How The UK’s Crypto Tax Maze Is Driving Customers Away

    September 1, 2025

    Crypto, the tide rises in 2023: +600 billion in market capitalization, stablecoins at 277.8 billion, and ETFs at institutional highs

    September 1, 2025

    Crypto Adviser For The Extremely Rich Tells XRP Traders What To Do As Cash Flip To Actual Cash

    September 1, 2025

    Binance Kicks Off September With 3 New Listings: This Scorching Crypto Included – U.In the present day

    September 1, 2025
    Latest Posts

    Quantum Threats or One thing Extra? El Salvador Is Splitting Up Its Bitcoin – Decrypt

    September 1, 2025

    Metaplanet Reaches 20,000 Bitcoin and Points Further Shares

    September 1, 2025

    Ethereum Whales Are Driving a Market Shift as Bitcoin Will get Dumped – BlockNews

    September 1, 2025

    Bitcoin’s MVRV Flashes Lifeless Cross as Momentum Fades

    September 1, 2025

    BTC's Realized Cap Climbs to $1.05T Regardless of Value Pullback

    September 1, 2025

    How Bitcoin Dominance Creates a Deceptive Impression About Altcoin Season

    September 1, 2025

    Bitcoin MVRV ‘Demise Cross’ Indicators Warning Amid Blended Onchain Knowledge – Bitbo

    September 1, 2025

    Is The Bitcoin Worth Backside In? Right here’s What Social Sentiment Says

    September 1, 2025

    CryptoVideos.net is your premier destination for all things cryptocurrency. Our platform provides the latest updates in crypto news, expert price analysis, and valuable insights from top crypto influencers to keep you informed and ahead in the fast-paced world of digital assets. Whether you’re an experienced trader, investor, or just starting in the crypto space, our comprehensive collection of videos and articles covers trending topics, market forecasts, blockchain technology, and more. We aim to simplify complex market movements and provide a trustworthy, user-friendly resource for anyone looking to deepen their understanding of the crypto industry. Stay tuned to CryptoVideos.net to make informed decisions and keep up with emerging trends in the world of cryptocurrency.

    Top Insights

    Bitcoin Sees Sharp Enhance in Taker Purchase/Promote Ratio on Binance—What Does It Sign?

    May 3, 2025

    Israeli corporations set to introduce Bitcoin mutual funds, aligning with world crypto tendencies

    December 25, 2024

    Prime AI Crypto Cash to Purchase Now – Bittensor, Griffaine, Qubic, SUBBD

    June 29, 2025

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    • Home
    • Privacy Policy
    • Contact us
    © 2025 CryptoVideos. Designed by MAXBIT.

    Type above and press Enter to search. Press Esc to cancel.