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Crypto Losses 2024

Crypto hacks, scam losses reach $29M in December, lowest in 2024

Both CertiK and PeckShield shared data showing December was the lowest month for crypto losses in 2024.

Losses to crypto scams, exploits and hacks tapered off in the last months of 2024, with December registering the smallest amount stolen. 

Blockchain security firm CertiK said in a Dec. 31 post on X that there were $28.6 million known losses to exploits, hacks and scams in December, compared with $63.8 million in November and $115.8 million in October.

According to the firm, exploits comprised the bulk of the losses, with $26.7 million stolen by attackers in December.

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Crypto losses reach $1.19B in H1 2024: CertiK calls for better security

The CertiK report shows that phishing attacks led to nearly $498 million in losses, emphasizing the urgent need for enhanced security measures like 2FA.

The latest CertiK Web3 Security Report reveals that $1.19 billion has been lost to onchain security incidents in the first half of 2024, prompting the need for improved security measures.

The report highlights that most of the losses were attributable to phishing attacks and private key compromises, with phishing attacks accounting for almost $498 million.

In a written Q&A with Cointelegraph, Ronghu Gu, co-founder of CertiK, articulated the need for multifactor authentication, such as two-factor authentication (2FA) and “security keys.” 

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