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CertiK Reports $3.35 Billion Lost to Crypto Hacks and Scams in 2024

CertiK’s December report shows phishing and address poisoning dominated monthly crypto losses, reflecting persistent security challenges in the sector.

Summary

CertiK Alert reported that December 2024 crypto exploits caused $117.8 million in total losses. Of this, $93.4 million came from phishing attacks, with address poisoning accounting for $51.8 million of those phishing-related losses. The data forms part of a broader 2024 trend in which total losses from hacks, exploits, and scams reached $3.35 billion, illustrating ongoing vulnerabilities in blockchain security.

Terms & Concepts
  • Blockchain security: A field focused on protecting distributed ledger systems from attacks, exploits, and unauthorized access.
  • Exploit: A method used by attackers to take advantage of vulnerabilities in software or systems to gain unauthorized access or benefits.
  • Address poisoning: A phishing technique where attackers manipulate or mimic wallet addresses to trick victims into sending funds to malicious accounts.