#December Crypto Losses — Key Insights
Total losses: ~$117.8 million
Primary cause: Vulnerability exploits
Phishing attacks: ~$93.4 million (≈79% of total losses)
Address poisoning: ~$51.8 million (largest phishing sub-category)
🔍 What This Means
Phishing remains the #1 threat in crypto, far outweighing smart contract bugs.
Address poisoning attacks are becoming more effective—attackers trick users by sending small transactions from look-alike wallet addresses, causing victims to copy and reuse the wrong address.
Losses are increasingly user-side, not protocol-side, showing that security education is just as critical as code audits.
🛡️ How Users Can Reduce Risk
Always verify the full wallet address, not just the first/last few characters.
Use address books/whitelisting in wallets and exchanges.
Avoid clicking links from DMs, emails, or fake airdrops.
Use wallets that provide address poisoning warnings.
Consider hardware wallets for large funds.
📌 Bigger Picture
Even in a maturing crypto market, social engineering attacks are scaling faster than technical exploits. December’s data reinforces that the weakest link is often human behavior, not blockchain technology.
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