WATCH THE VIDEO HERE In December 2024, the crypto industry experienced over 25 hacks, resulting in approximately $24.69 million in losses, a 71% decline compared to November, according to blockchain security firm Peckshield. This marks a significant reduction in monthly losses, with December becoming one of the least damaging months of the year. The report was shared by Peckshield Alerts via their X page revealing details of the hacks that occurred in the last month of 2024. “PeckShieldAlert December 2024 saw 25+ hacks in the crypto space, resulting in ~$24.7 million in losses — a 71% decrease compared to last month. Top5 Hacks: -LastPass: $12.38 million -Yeifinance: $2.2 million -GemPad: $2.2 million -MEMECoin Drainer: A victim was drained $2.2 million worth of cryptos on SOL -FEGToken: $1.3 million” Peckshield revealed The most substantial single incident was the LastPass hack, which accounted for $12.38 million in losses. Other notable victims included Yeti Finance, GemPad, and FEG, each losing around $2.2 million, as well as another entity identified as “Victim,” which suffered $1.3 million in damages. PeckShield’s analysis shows that stolen funds were moved through various platforms. For example, over 550 Ethereum (ETH), along with substantial amounts of USDC and Bitcoin, were transferred using platforms like ChangeNOW. Additional amounts of 310 ETH and 520 USDC were traced to wallets connected to the sanctioned mixer Tornado Cash. The data also highlights a broader trend in 2024, where crypto losses peaked in months like April, which saw a staggering $574.65 million in damages. Despite this, December’s relatively low figure represents a sharp decline, underscoring improved security measures or changing attacker strategies. Web3 security firm Hacken reported that crypto hacks in 2024 totalled nearly $3 billion, a figure comparable to 2023.
December records the lowest crypto hacks in 2024 -Report
