Crypto Hack Losses Drop 60% in December
While the decline suggests a slowdown in the scale of successful attacks, several high-impact incidents—including a $50 million address poisoning scam, a $27.3 million multi-signature wallet breach, and exploits affecting Trust Wallet and the Flow protocol—show that security risks are still elevated.
Hack Losses Ease in December
Losses from hacks and cybersecurity exploits in the crypto industry fell sharply in December, offering a modest sign of improvement after a volatile year for digital asset security. According to data from blockchain security firm PeckShield, total losses linked to crypto-related attacks reached roughly $76 million during the month, which was a steep 60% decline from November’s $194.2 million. While the lower…
