In December 2024, over $66.6 million was stolen through various crypto crimes, with phishing alone accounting for more than $41 million, while fraudulent projects garnered over $4\u00a0million.<\/p>\n
Hacks resulted in just over $19 million in losses, marking one of the lowest monthly theft totals from exploits in\u00a02024.<\/p>\n
Top 5 Crypto Hacks of December 2024\u200a\u2014\u200aNefture<\/p>\n
Blockchain security researchers revealed in September 2023 that hundreds of wallets had been silently siphoned for more than $35 million due to LastPass\u2019 encrypted vaults being cracked, offering access to the seed phrases stored\u00a0within.<\/p>\n
Since then, victims have been piling up. In the latest LastPass \u201cattack\u201d around December 17th, crypto sleuth ZachXBT reported that more than 100 wallets had been siphoned for over $12.38\u00a0million.<\/p>\n
In total, at the very least, over $50 million has been lost due to the LastPass\u00a0breach.<\/p>\n
If you want to learn more about the LastPass exploit dig into the following report:<\/p>\n
Private Keys: the Threat of Brute Force Attacks<\/a><\/p>\n GemPad, a no-code smart contract platform, was hacked for $1.9 million across Ethereum, BNB Chain, and Base networks due to a reentrancy vulnerability in its smart contracts.<\/p>\n The attacker exploited this flaw in the collectFees function, deploying malicious contracts that allowed repeated withdrawals of locked assets. An exploit that was repeated across three blockchains.<\/p>\n FEG proves once again that bad things tend to come in threes. After a disastrous 2022, which saw FEG fall victim to a flash loan attack and a supply chain attack, December 2024 brought a $1 million loss due to a vulnerability in their\u00a0bridge.<\/p>\n BlockSec\u2019s analysis of the hack revealed that the relayer can register withdrawals in the SmartBridge without checking if the source address is authorized when receiving a wormhole bridge\u00a0message.<\/p>\n After the attacker dumped the FEG token, its price plummeted by\u00a099%.<\/p>\n BlockSec reported on December 10th that an unidentified protocol on the BSC blockchain fell victim to a\u00a0hack.<\/p>\n According to their research, an attacker launched multiple governance attacks on the protocol, which were successful, resulting in the theft of over $640,000.<\/p>\n Decentralized exchange Clipper lost $500,000 in a hack on its protocol. The root cause, per Clipper, was a vulnerability in its withdrawal function.<\/p>\n The attacker exploited two liquidity pools on December 1st, taking about 6% of the total value\u00a0locked.<\/p>\n Clipper then disabled the feature that allowed withdrawals in a single token, which was identified as the exploited vulnerability.<\/p>\n Nefture<\/em><\/a> is a <\/em>Web3 real-time security and risk prevention platform<\/em><\/strong> that detects on-chain vulnerabilities and protects digital assets, protocols and asset managers from significant losses or\u00a0threats.<\/em>Nefture core services includes <\/em>Real-Time Transaction Security<\/em><\/strong> and a <\/em>Threat Monitoring Platform<\/em><\/strong> that provides accurate exploits detections and fully customized alerts covering hundreds of risk types with a clear expertise in\u00a0DeFi.<\/em>Today, Nefture proudly collaborates with leading projects and asset managers, providing them with unparalleled security solutions.<\/em>Book a demo<\/em><\/strong><\/a>\u00a0<\/em><\/strong>\ud83e\udd1d<\/em><\/p>\n $66.6M Stolen Through Crypto Crimes\u200a\u2014\u200aTop 5 Hacks of December 2024<\/a> was originally published in Coinmonks<\/a> on Medium, where people are continuing the conversation by highlighting and responding to this story.<\/p>","protected":false},"excerpt":{"rendered":" $66.6M Stolen Through Crypto Crimes\u200a\u2014\u200aTop 5 Hacks of December\u00a02024 In December 2024, over $66.6 million was stolen through various crypto crimes, with phishing alone accounting for more than $41 million, while fraudulent projects garnered over $4\u00a0million. Hacks resulted in just over $19 million in losses, marking one of the lowest monthly theft totals from exploits […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-34458","post","type-post","status-publish","format-standard","hentry","category-interesting"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/34458"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=34458"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/34458\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=34458"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=34458"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=34458"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\ud83d\udea8 GemPad Loses $1.9M in Simple Hack 101 Attack: Reentrancy Exploit<\/h4>\n
\ud83d\udea8 Feed Every Gorilla Hacked for The Third\u00a0Time<\/h4>\n
\ud83d\udea8 Unknown Protocol Falls Victim to Costly\u00a0Hack<\/h4>\n
\ud83d\udea8 Clipper DEX victim of a $500k\u00a0Hack<\/h4>\n
About us<\/h3>\n