Top Crypto Hacks of December 2024: $24.7M Lost Despite 71% Drop in Attacks
December 2024 saw 25 crypto hacks, with $24.7M lost—down 71% from November, marking one of the lowest-loss months of the year. Yet, the evolving tactics of attackers highlight growing risks.
🔹 1. LastPass Breach: Using 2022 data, hackers stole $12.38M by accessing stored seed phrases and wallet credentials.
🔹 2. GemPad Exploit: A $1.9M reentrancy attack exposed flaws in no-code smart contracts across Ethereum, BNB Chain, and Base.
🔹 3. MEMECoin Drain: A targeted phishing attack drained $2.2M from a single Solana user’s wallet.
🔹 4. FEGToken Attack: Exploiting SmartBridge features, attackers caused a $1.3M loss and a 99% token value drop.
🔹 5. Yeifinance Breach: A DeFi yield farming platform lost $2.2M to unknown attackers.
While December saw reduced losses, the attacks reveal shifting threats—from advanced reentrancy exploits to personal phishing schemes. The LastPass breach underscores the long-term danger of compromised data and the critical need for enhanced crypto security.
Staying Safe in 2025
Regular audits, robust security systems, and user education are vital to protecting the growing crypto ecosystem. As threats evolve, proactive measures will be key to building trust in this volatile market.
