🛡️ CertiK Report: December Cryptocurrency Losses Drop to a 2024 Low, Phishing Scams Still a Concern

The latest report from CertiK shows that cryptocurrency losses in December fell to the lowest point of 2024, totaling only $28.6 million. This is significantly lower than the losses incurred in previous months due to vulnerabilities, hacking attacks, and scams.

The report states that most of the losses were due to exploitation of vulnerabilities, amounting to $26.7 million. Flash loan attacks and fraudulent schemes caused losses of $1.7 million and $200,000, respectively. Among these, the largest vulnerability attack was Gempad, which resulted in a loss of $2.14 million.

However, compared to earlier this year, this figure is indeed a small fraction. Back then, monthly losses were in the tens of millions. It seems that the relevant security measures are beginning to take effect!

Nevertheless, phishing scams remain an issue. The report mentions that the largest victim lost $7.87 million due to phishing, marking the most severe incident this year. Other phishing incidents had individual losses ranging from $1.4 million to $2.8 million.

Last month, someone clicked on a malicious KakaoTalk meeting link, resulting in a loss of $300,000 from a phishing scam. This link reportedly installed malware, compromising multiple wallets, including Ethereum and Solana addresses.

Additionally, the account of Yat Siu, co-founder of Animoca Brands, was hacked, despite him using two-factor authentication. The attackers began promoting a fake token called “MOCA,” which was related to Pump.fun, targeting over 15 cryptocurrency accounts and stealing nearly $500,000.

Blockchain security company SlowMist also discovered a phishing activity using fake Zoom meeting links to steal cryptocurrency. This scheme mimicked the Zoom interface, causing many victims to download malware disguised as meeting installation packages, which then collected sensitive data, including details of cryptocurrency wallets, resulting in losses exceeding $1 million.

Therefore, we remind everyone to exercise caution when clicking on any links or installing software. At the same time, we must prioritize security and not leave any opportunities for hackers or fraudsters!