THE The crypto industry witnessed over 25 hacking incidents in December 2024, resulting in losses of around $24.69 million, a sharp drop of 71% from November figures, according to the company Peckshield blockchain security system.
This represents a notable decrease in monthly losses, making December one of the least damaging months of the year for the crypto industry. The report, shared by Peckshield Alerts on its X page, provided detailed information on hacking incidents that took place in the last month of 2024.
“PeckShieldAlert December 2024 saw over 25 hacks in the crypto space, resulting in losses of approximately $24.7 million, a 71% decrease from last month.
Top5 Hacks: -LastPass: $12.38 million -Yeifinance: $2.2 million -GemPad: $2.2 million -MEMECoin Drainer: victim lost $2.2 million worth of crypto on SOL -FEGToken : $1.3 million,” Peckshield revealed.
The largest incident was the LastPass hack, which accounted for $12.38 million in losses.
Other notable victims included Yeti Finance, GemPad, and FEG, each losing approximately $2.2 million, as well as another entity identified as “Victim,” which suffered $1.3 million in damages.
Industry Trends and Stolen Funds PeckShield’s analysis shows that the stolen funds were transferred through various platforms. For example, over 550 Ethereum (ETH), as well as significant amounts of USDC and Bitcoin, have been transferred using platforms like ChangeNOW.
An additional 310 ETH and 520 USDC were awarded to wallets connected to the Tornado Cash sanctioned mixer.
The data also highlights a broader trend in 2024, where crypto losses peaked in months like April, which resulted in a colossal $574.65 million in damage.
Despite this, December’s relatively low figure represents a sharp decline, highlighting an improvement in security measures or a change in attacker strategy.
Security firm Web3 Hacken reported that crypto hacks in 2024 totaled nearly $3 billion, a figure comparable to 2023.
However, there has been a notable increase in attacks exploiting access control vulnerabilities, which account for 78% of total losses.
These vulnerabilities affected various industries including decentralized finance (DeFi), centralized exchanges, gaming, and metaverse platforms, signaling a shift in attacker focus throughout the year.
December’s drop in losses may suggest a shift in industry defensive strategies or a shift in market dynamics, but the persistence of access control exploits highlights areas where additional security improvements are still needed. necessary.
