Crypto hacks, scam losses reach $29M in December, lowest in 2024 — TradingView News
Losses from crypto scams, exploits and hacks tapered off in the last months of 2024, with December registering as the smallest month of hacks in the entire year.
Blockchain security firm CertiK said in a Dec. 31 post on X that there were $28.6 million known losses to exploits, hacks, and scams in December, compared to $63.8 million in November and $115.8 million in October.
According to the firm, exploits comprised the bulk of the losses, with $26.7 million stolen by attackers in December.
The two most significant incidents were a $2.1 million exploit of decentralized finance (DeFi) platform GemPad, in which an attacker stole assets by exploiting a vulnerability in the project’s smart contracts.
The second-most serious incident recorded…
