Phishing attacks in the Web3 space surged in 2024, leading to staggering losses of $494 million—67% higher than the previous year, according to a report by Scam Sniffer. Wallet drainer malware has evolved significantly, making decentralized systems more vulnerable. While the number of victims only increased by 3.7%, the financial damage per attack rose sharply. One incident alone resulted in a $55.48 million loss.
The Ethereum price prediction hit hardest, as the network lost $152 million across 25 major incidents. Other blockchains, including Arbitrum, Base, Blast, and BNB Chain, also faced attacks, though none on Ethereum’s scale.Despite these challenges, Ethereum’s price prediction remained strong.
In other ETH news, on January 3, U.S. Ethereum spot ETFs saw a net inflow of $58.79 million, a major turnaround from the $77.51 million outflow the day before. More ETH news shows that BlackRock ETHA led with $33.88 million, followed by Fidelity FETH and Grayscale ETH.
Latest ETH news shows that the ETH price is still firm at $3,500 and is nearing a breakout. Breaking the $4,000 mark may push the ETH price above $5,000 or $7,500. However, if the ETH price fails to break through, a pullback to $3,000 or $2,700 is possible, with consolidation likely in the short term.