💸Crypto losses from hacks in December dropped to $29 million, according to security firm Certik. That’s down from $116 million in October and $64 million in November.

There are probably a few reasons why it was lower than other months (people using DeFi less over the holiday period.

Hopefully the trajectory will continue, as users and the industry get a better handle on security. Without that, Web3 adoption will be limited. We’ll have to see what happens in the opening months of this year.