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Significant drop in December’s crypto losses

Exploits led to a substantial portion of the losses in December, with CloberDex losing 501,279 USD and Gempad affected the most, suffering a loss of 2.14 million USD. These cases underline the continued vulnerability of crypto platforms to sophisticated attack methods, emphasizing the need for heightened security measures.

Phishing remained a critical concern, with a notable attack costing one user 7.87 million USD. Other incidents averaged losses between 1.4 million USD and 2.8 million USD each. The persistence of phishing scams highlights the ongoing risk to crypto users and the pivotal role of awareness and security enhancements.

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