Crypto hack losses drop 60% in December to $76M
Total losses from hacks and cybersecurity exploits in the crypto sector fell to around $76 million in December. This is a 60% drop from November’s $194.2 million, according to blockchain security firm PeckShield.
PeckShield reported 26 major crypto exploits during the month, including a single address-poisoning scam that cost one user $50 million. This scam involves scammers using look-alike wallet addresses to trick victims into sending funds to the wrong destination.
In most cases, the first and last four characters of the addresses match, with the attacker hoping that the victim will accidentally send funds to the fraudulent address by selecting the poisoned address from their transaction history without closely examining…
