Cryptocurrency attack losses in December 2024 fell to the lowest level of the year, only $29 million
PANews reported on January 2 that according to Cointelegraph, losses from cryptocurrency hacks, exploits, and scams in December 2024 fell to the lowest of the year at only $29 million, a significant drop from $63.8 million in November and $115.8 million in October. The main incidents included the exploitation of a vulnerability in the GemPad platform, resulting in the theft of $2.1 million, the theft of $1 million from the FEG cross-chain bridge vulnerability, and the theft of $12.3 million in crypto assets due to a data breach affecting LastPass users. According to CertiK and PeckShield, the total losses from related attacks in December decreased by 71% month-over-month. The total annual losses reached $2.3 billion, a 40% increase from 2023, but lower than the $3.78 billion in 2022, mainly due to an increase in access control vulnerabilities in centralized exchanges and custodial platforms.
