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Crypto exploit losses dropped over 60% in December

Crypto Briefing
Crypto exploit losses fell by over 60% in December, totaling $76 million across 26 major incidents.

Summary

Losses stemming from cryptocurrency exploits decreased by more than 60% in December compared to November, dropping from $194 million to $76 million across 26 significant incidents, according to a report by PeckShield. The largest single loss recorded was $50 million resulting from an address poisoning attack, where scammers use similar-looking wallet addresses to deceive users. Another substantial breach involved a multisig wallet losing over $27 million due to a private key leak. Other major exploits during the month included babur.sol ($22 million), Trust Wallet ($8.5 million), and incidents involving Unleash Protocol and Flow Blockchain ($3.9 million each). Address poisoning scams remain a persistent threat despite the overall decline in exploit losses.

(Source:Crypto Briefing)