In December 2024, over 25 cryptocurrency thefts were reported, resulting in losses amounting to $24.69 million. This marks a 70% reduction compared to November, as noted by PeckShield.
Reduction in December Losses
Losses in December totaled $24.69 million, representing a significant 70% decline compared to November's figures. April 2024 reported the highest losses of the year, at $574.65 million.
Major Incidents of the Month
The most significant event in December involved LastPass, with losses of $12.38 million. Yeti Finance, GemPad, and FEG each lost approximately $2.2 million, while Victim incurred damage of $1.3 million. The stolen funds were tracked across various channels, including 550 Ethereum and substantial amounts of USDC stablecoin.
Overall Vulnerability Analysis
According to Hacken, 2024 saw access control vulnerabilities account for 78% of all attacks, highlighting a shift in hacker focus. This revealed vulnerabilities across sectors such as decentralized finance and gaming platforms.
Despite the sharp drop in losses in December, crypto space attacks remain a concern, with a focus on evolving strategies, particularly in decentralized finance.
