Crypto Sector Sees 60% Drop in Security Breaches to $76 Million in December
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 01 2026- Significant Drop in Breaches: According to PeckShield, the crypto industry experienced a 60% decrease in losses from hacks and exploits in December, totaling approximately $76 million compared to $194.2 million in November, indicating progress in cybersecurity but highlighting the need for ongoing vigilance against evolving threats.
- Major Attack Incidents: December saw 26 major security incidents, including a $50 million address poisoning scam where attackers tricked victims into sending funds to fraudulent addresses, underscoring the critical importance of verifying addresses before transactions.
- Private Key Leak Incident: A notable $27.3 million theft from a multi-signature wallet due to a private key leak further emphasizes the necessity of using hardware wallets, which significantly reduce exposure to online threats and enhance asset protection.
- Ongoing Security Alerts: Despite the reduction in losses, experts continue to advise users to adopt stringent security measures, such as thoroughly verifying wallet addresses rather than relying solely on transaction history, to combat increasingly sophisticated scams and safeguard assets in the dynamic crypto landscape.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
