December’s crypto hack losses drop 60%, but risks still loom
Crypto hack losses declined sharply in December, signaling improved security conditions, though overall risks remain elevated across the digital asset sector.
Summary
- Crypto-related losses declined significantly month-on-month in December.
- Stronger security practices and quicker mitigation reduced exploit impact.
- Despite improvement, total annual hack losses remain historically high.
Losses from cryptocurrency hacks and security breaches declined significantly toward the end of the year, pointing to a notable slowdown in exploit activity across the digital asset market. After months of heightened cybercrime and large-scale protocol exploits, December recorded a…
