December Cyber Threats in the Crypto Ecosystem: What Does India's Loss Map Look Like

SerNgmi · 2026-01-12T07:24:44+00:00

In December 2024, the cryptocurrency industry faced severe cyberattacks, resulting in losses totaling approximately $117.8 million. Phishing attacks accounted for $93.4 million, while address poisoning led to losses of about $51.8 million, signaling a critical need for enhanced user vigilance and security measures.

SerNgmi

2026-01-12 07:24:44

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Over the past month of 2024, the cryptocurrency industry has suffered a serious blow from cybercriminals and vulnerabilities across various platforms. Security monitoring conducted by leading analysts recorded unprecedented loss figures amounting to approximately $117.8 million USD.

Detailed Breakdown of Losses by Attack Types

The most destructive were phishing attacks, accounting for $93.4 million in recorded losses. This figure highlights the ongoing threat from social engineering and fake links, which remain one of the most effective methods for asset theft.

It is also worth noting that address poisoning — a technique where malicious actors replace legitimate addresses for fund transfers — resulted in losses of approximately $51.8 million USD. This attack vector is particularly insidious, as it often remains unnoticed by users until the transaction is completed.

Conclusions and Recommendations

Data compiled from multi-layered analysis shows that December became a critical period for security in the cryptocurrency sphere. Users should increase vigilance, verify recipient addresses, and avoid clicking on suspicious links if they wish to protect their assets from similar losses.

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