The value of cryptocurrencies stolen through exploits and scams reached $370.3 million last month, the highest monthly figure in 11 months and a nearly fourfold escalate compared to January 2025.
Cryptocurrency security company CertiK he said on Saturday, of the 40 exploit and fraud incidents that occurred in January, most of the total value stolen came from a single victim who lost approximately $284 million to a social engineering scam.
Much of the more than $370 million stolen came from phishing scams, which stole $311.3 million in one month.
January’s figures are the biggest monthly cryptocurrency loss since February 2025, when attackers made off with a total of around $1.5 billion in the month, most of which came from the $1.4 billion hack of cryptocurrency exchange Bybit. According to it’s CertiK.
The latest data shows an escalate of over 277% compared to January 2025, when attackers stole $98 million. This is also a 214% escalate compared to December, when cryptocurrency theft lost $117.8 million, CertiK he said.
Step Finance, Truebut attacks among the biggest hacks
PeckShield security company he said on Sunday that Saturday’s hack of Step Finance was the largest this month.
Attackers stole approximately $28.9 million in an attack on the decentralized financial wallet tracker, during which several of its treasury wallets were compromised and over $261,000 of Solana (SOL) was compromised.
Related: Bybit ‘slowly but surely returns’ in 2025 after mass hack: CoinGecko
The next largest exploit this month was a $26.4 million attack on the Truebit protocol on January 8, when a clever contract vulnerability allowed an attacker to mint tokens for almost free, which also caused the price of the Truebit token (TRU) to plummet.
PeckShield also reported a $13.3 million hack of liquidity provider SwapNet on January 26 and a $7 million exploit against the Saga blockchain protocol on January 21.
The company said there were a total of 16 breaches in January, resulting in losses of $86.01 million, down 1.42% from a year earlier but up more than 13% from December.
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