Crypto hacking losses fell to $ 98.19 million in January, compared to $ 160 million a year earlier, despite an increase in compromises, data reveal data.
The pirates had a busy start until 2025, although they stole less than last year. Cryptographic losses against security incidents reached $ 98.19 million in January, down $ 160 million in the same month of 2024, according to a February 6. research report by the Safety Company Blockchain Slowmist.
The report recorded 40 hacking incidents that have previously occurred in 2025, less than the 56 recorded in January 2024. Hot portfolio violations, phishing scams and contractual vulnerabilities were the main causes, while the Losses last year came from flash loan attacks, DDOS incidents, and price manipulation patterns.
This year’s largest attack was against Crypto Exchange Phemex, which lost around $ 70 million in crypto due to a hot wallet violation. The other violations included the noons of the Bitcoin market of the former CEO, which lost more than $ 7 million due to a Solana bridge feat.
Phishing scams also remained a large threat because Scamsniffer reported earlier than 9,220 victims had lost a total of $ 10.25 million in January. The memes players have played a role, with bad players using social media to attract investors before disappearing with funds.
Meanwhile, false accounts also appear – more than 300 per day, twice as much in November. As Crypto.News reported it earlier, the crooks even take up the big X accounts like Yahoo News UK and Lenovo India to push false tokens.
