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There has been a significant reduction in losses from exploits, hacks, and scams in December compared to previous months. The latest report by blockchain security company CertiK recorded a total of approximately $28.6 million in losses – the lowest monthly figure in 2024. December Crypto Losses Are 2024’s Lowest Exploits dominated the financial impact, accounting for $26.7 million, while flash loan attacks and exit scams contributed $1.7 million and $200,000, respectively. Among the flash loan attacks, the most notable incidents included CloberDex, which suffered $501,279 in losses, followed by Clipper DEX with $450,811 and MoonMaker with $319,320. The largest single exploit in December targeted Gempad, with damages totaling a staggering $2.14 million. Other significant exploits included FBD, which lost $1.07 million, and Vesta DAO, $401,428. CertiK’s infographic revealed that December marks a sharp decline in overall losses, a stark contrast to peak months earlier in the year, where losses reached tens of millions monthly. The report also highlighted the growing threat of phishing, with the top victim (address 0x751e) losing $7.87 million, making it one of the costliest phishing incidents of the year. Other phishing incidents ranged between $1.4 million and $2.8 million in individual losses. Phishing Scams Persists Earlier last month, a cryptocurrency user revealed they lost $300,000 in a phishing scam after clicking a malicious KakaoTalk meeting link shared via direct message on X. The link, which was suspected of installing malware, compromised multiple wallets, including Ethereum and Solana addresses. The attacker allegedly transferred the funds to a wallet tied to the BingX exchange. More recently, Animoca Brands’ co-founder Yat Siu’s X account was hacked despite two-factor authentication (2FA). The attackers resorted to promoting a fraudulent token named “MOCA.” The phishing scheme, tied to Pump.fun, targeted over 15 crypto-focused accounts, stealing nearly $500,000. Blockchain security firm SlowMist also uncovered a phishing campaign using fake Zoom meeting links to steal cryptocurrency. The scheme mimicked Zoom’s interface, which prompted many victims to download malware disguised as a meeting installation package. The malware then harvested sensitive data, including cryptocurrency wallet details, leading to losses of more than $1 million. Hackers who were found to be potentially linked to Russian-speaking operatives reportedly laundered stolen funds across exchanges like Binance and Gate.io. The post CertiK Report Reveals December Crypto Losses Dropped to 2024’s Lowest at $28.6M appeared first on CryptoPotato .
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Bitcoin Surpasses $100,000 Amid U.S. Dollar Weakness as Tariff Policy Remains Uncertain
Bitcoin has surged past $100,000 as the U.S. dollar weakens, spurred by reports of a potentially revised tariff plan from President-elect Donald Trump. The Washington Post indicates that Trump’s team Crypto Potato
Early 2025 Inflows for Crypto Investment Products Reach $585M in Just 3 Days
In the first three days of this year, digital asset investment products experienced inflows totaling $585 million. However, the full week, including the last two trading days of 2024, recorded net outflows of $75 million. Globally, 2024 concluded with a record-breaking $44.2 billion in inflows. This figure is nearly four times the previous record of $10.5 billion set in 2021. The surge came despite the crypto prices plunging in the latter part of the year. Bitcoin Leads with $38B Inflows in 2024 According to CoinShares’ first edition of ‘Digital Asset Fund Flows Weekly Report ‘ for 2025, this surge was primarily driven by the introduction of the spot-based ETFs in the US, which accounted for 100% of the inflows at $44.4 billion. Other countries, such as Switzerland, saw inflows of $630 million, and significant outflows from Canada with $707 million and Sweden with $682 million offset these gains, as many investors shifted to US-based products or realized profits. CoinShares’ head of research, James Butterfill, revealed that Bitcoin dominated the market in 2024 as it secured $38 billion in inflows and accounted for 29% of total AuM. Short-Bitcoin investment products also gained $108 million, but it was slightly less than the $116 million recorded in 2023. Ethereum rebounded strongly towards the end of the year, achieving $4.8 billion in inflows, which represented 26% of its AuM. Interestingly, this was 2.4 times higher than in 2021 and 60 times the inflows of 2023. Solana, on the other hand, attracted only $69 million in inflows, representing 4% of AuM. Altcoins, excluding Ethereum, contributed $813 million in inflows, equivalent to 18% of AuM. Bitcoin Stares At “Heft Sell Wall” The new year began with Bitcoin briefly receiving a boost from the buyers after a dull December. Another positive start to the week briefly pushed the crypto asset beyond $99,800. Bitcoin appears to be inching closer toward the coveted $100,000 mark, which QCP Capital describes as a “hefty sell wall” wherein it saw increased selling pressure in December. While the milestone was first breached on December 5, thereby causing funding rates to surge above 60%, QCP Capital stated that the current funding levels remain stable, reducing the likelihood of an imminent short squeeze. Unlike December’s rally, the market appears less likely to experience any major catalysts – such as Trump-related developments – until after his January 20 inauguration. Additionally, frontend volatility has stayed “soft” with a relatively neutral skew, which indicates a similar sentiment. The post Early 2025 Inflows for Crypto Investment Products Reach $585M in Just 3 Days appeared first on CryptoPotato . Crypto Potato
