The recent decline in crypto exploits provides a deceptive sense of security, but it’s crucial to analyze the numbers deeply. December 2025 saw a notable dip in total losses resulting from crypto exploits, down to $76 million across 26 incidents. However, this drop shouldn’t lull us into a false sense of security. We need to critically examine the major incidents that contributed to this decline and the implications for the overall security landscape.

What incidents played a role in the decline?

The month of December was relatively quiet for major hacks, with prominent incidents including a startling $50 million address-poisoning scam and a $27.3 million multisig wallet breach. The most significant incident was the address-poisoning…