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Crypto Hack Losses Fell 60% In December, New Data Shows

According to PeckShield, losses from crypto hacks dropped by approximately 60% in December, falling to around $76 million from $194 million in November. This decline was attributed to fewer large-scale exploits, though significant incidents still occurred. The month saw roughly 26 major attacks, with the largest being a $50 million address poisoning scam. Other notable losses included a $27 million multi-signature wallet breach due to a private key leak, a $7 million Trust Wallet exploit, and a $3.9 million issue involving the Flow protocol. Despite the overall reduction, experts caution that threats like scams and technical vulnerabilities persist, with human error remaining a major risk factor.

bitcoinist01/03 02:36