$24.7 Million Lost and the Growing Security Threats
The December of 2024 was seen to be volatile for the cryptocurrency market. According to Peckshield’s monthly report, 25 hacking attacks occurred with losses of up to $24.7 million. Despite that, the figure is down by 71% from the previous month of November and can be considered one of the months of lowest losses in 2024.
Top 5 Hacks of December 2024:
LastPass Breach:
The worst attack was identified to be on LastPass where intruders used data from a breach in 2022 to siphon around 12.38 million dollars in cryptocurrency. The attackers performed their activity on December 16 and 17, targeting stored seed phrases and wallet credentials. Complicating matters was the emergence of centralized storage security and as a result, the long-term…
