Cryptocurrency Losses: Trends and Insights

🔵In December 2024, losses from cryptocurrency scams, hacks, and exploits reached their lowest level of the year—$28.6 million, according to CertiK. For comparison, November saw losses of $63.8 million, while October recorded $115.8 million.

🔵The most significant incident was the exploit of the DeFi platform GemPad, resulting in $2.1 million in losses. The second-largest attack targeted the bridge of the FEG project, with $1 million stolen due to errors in cross-chain verification. PeckShield reported a 71% decline in losses compared to November and highlighted the LastPass breach, where users suffered losses totaling $12.3 million.

🔵According to Cyvers, a total of $2.3 billion in cryptocurrency was stolen in 2024. This marks a 37% decrease compared to 2022 but a 40% increase compared to 2023.