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CertiK Report Reveals December Crypto Losses Dropped to 2024’s Lowest at $28.6M

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 . CryptoGlobe

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BlackRock Spot Bitcoin ETF Witnesses $332,620,000 in Outflows, the ETF’s Largest-Ever Exodus in a Single Day

New data reveals that asset management titan BlackRock’s spot Bitcoin ( BTC ) exchange-traded fund (ETF) saw a record number of outflows earlier this week. According to data from blockchain tracker SoSoValue, BlackRock’s iShares Bitcoin Trust ETF (IBIT) saw a staggering $332.6 million worth of outflows on January 2nd, its largest day of outflows on record. The data also shows that other spot market BTC ETFs were mostly in the green as Fidelity’s FBTC, Arkham’s ARKB and Bitwise’s BITB all posted inflows of $36.2 million, $16.5 million, and $48.3 million respectively. Another notable ETF that posted outflows was Grayscale’s GBTC, coming in at $23 million. IBIT and GBTC’s combined outflows made the first trading day of the year red for ETFs associated with the top crypto asset by market cap, bringing down daily total net inflows to -$242.3 million. IBIT launched in January of 2024 after Bitcoin-based ETFs were approved by the U.S. Securities and Exchange Commission (SEC) after a judge ordered the regulatory agency to rethink its viewpoint on the matter to remain consistent with its other stances. In November, it was reported that IBIT had surpassed BlackRock’s gold ETF (IAU) in terms of net assets, reaching over $33 billion. As stated by Nate Geraci, co-founder of the ETF Institute, at the time, “iShares Bitcoin ETF (IBIT) has now surpassed iShares Gold ETF in assets… Did this in 10 months. IAU launched in January 2005. Absolutely wild.” IBIT is trading for $56.04 at time of writing. Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post BlackRock Spot Bitcoin ETF Witnesses $332,620,000 in Outflows, the ETF’s Largest-Ever Exodus in a Single Day appeared first on The Daily Hodl . CryptoGlobe