Spot ether exchange-traded funds (ETFs) have attracted $2.6 billion in net inflows over the month of December, with the funds seemingly starting to gain traction against the more dominant spot bitcoin ETFs.

The co-founder of Terraform Labs, Do Kwon, a central figure in the multibillion-dollar collapse of the Terra ecosystem, has been extradited to the United States from Montenegro.

Losses from cryptocurrency scams, exploits, and hacks significantly decreased in the final months of 2024, culminating in the lowest monthly total of the year in December.

Top stories in the Crypto Roundup today:

• Ether ETFs Attracted $2.6 Billion in Net Inflows Over 2024
• Montenegro Extradites Terraform Labs Co-Founder Do Kwon to U.S. 
• Crypto Losses From Hacks and Scams Reach 2024 Low in December

Ether ETFs Attracted $2.6 Billion in Net Inflows in December.

Spot ether exchange-traded funds (ETFs) have attracted $2.6 billion in net inflows over the month of December, with the funds seemingly starting to gain traction against the more dominant spot bitcoin ETFs.

Data from Farside Investors shows that the momentum for ether ETFs built over eight straight weeks of net inflows, including a record-breaking week in late November where inflows topped $2.2 billion.

Despite these significant inflows, ether ETFs remain significantly smaller than their BTC counterparts, which have seen over $35 billion in net inflows over the past year..

Among ether ETFs, BlackRock’s iShares Ethereum Trust (ETHA) emerged as the leader, attracting more than $3.5 billion inflows, which partly offset the substantial $3.6 billion outflows from Grayscale’s Ethereum Trust (ETHE).  

Montenegro Extradites Terraform Labs Co-Founder Do Kwon to U.S.

The co-founder of Terraform Labs, Do Kwon, a central figure in the multibillion-dollar collapse of the Terra ecosystem, has been extradited to the United States from Montenegro.

The extradition, confirmed by Montenegro’s Ministry of Justice, concludes months of complex legal battles in the country, during which Kwon faced competing requests for extradition from both the United States and South Korea.

Kwon is set to face criminal charges in the U.S., including conspiracy to commit fraud related to securities transactions, money laundering, and electronic fraud. The charges stem from his role in the collapse of the Terra ecosystem, which was the largest destruction of wealth in crypto’s history in just three days.

According to Montenegro’s Ministry of Justice, the decision to extradite was based on multiple factors, including the gravity of the alleged crimes, the jurisdiction where the offenses took place, and the sequence in which extradition requests were filed.

Crypto Losses From Hacks and Scams Reach 2024 Low in December

Losses from cryptocurrency scams, exploits, and hacks significantly decreased in the final months of 2024, culminating in the lowest monthly total of the year in December.

Blockchain security firm CartiK revealed on social media that known losses from exploits, hacks, and scams totaled $28.6 million in December, a figure that represents a substantial drop from the $63.8 million in November and $115.8 million in October.

Exploits, which occur when attackers exploit code vulnerabilities, were responsible for the majority of December’s losses, amounting to $26.7 million.

PeckShield, another blockchain security firm, corroborated the downward trend, reporting $24.7 million in losses for December, a 71% drop from November. Despite the late-year decline, overall losses from crypto hacks and scams in 2024 increased compared to the previous year.

State of the Crypto by Top Tier Exchange Volume

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