In recent developments within the crypto sector, phishing attacks have emerged as the most costly security threat of 2024, according to CertiK's latest report. Phishing incidents resulted in over $1 billion in stolen digital assets across 296 events. In addition to phishing, private key compromises have also posed significant threats, with losses exceeding $855 million across 65 incidents. Meanwhile, BlackRock’s iShares Bitcoin Trust (IBIT) experienced its largest one-day outflow since its launch in 2024, with a record $332.6 million withdrawn on January 2. This follows a trend of substantial outflows over the past week, totaling $392.6 million. In a separate notable event, Terraform Labs co-founder Do Kwon has pleaded not guilty to multiple charges including securities fraud following his extradition to the United States. His upcoming status conference is set for January 8, where further evidence will be discussed.

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