Crypto -hack losses fell to $ 98.19 million in January of $ 160 million a year earlier, despite an increase in account compromises, data shows.
Hackers had a busy start of 2025, although they stole less than last year. Crypto losses of security incidents reached $ 98.19 million in January, a decrease of 39% of $ 160 million in the same month of 2024, according to a 6 February research report By blockchain security company Slowmist.
The report registered 40 hacking incidents that took place so far in 2025, less than the 56 registered in January 2024. Hot wallet -infringes, phishing -scam and contract vulnerabilities were the main causes, while last year’s losses came from flash loan attacks, DDOS incidents , and price manipulation schedules.
The biggest attack in this year was against Crypto Exchange Phemex, who lost around $ 70 million to crypto due to a break in a hot wallet. Other infringements included the Bitcoin Marketplace Noones of ex-Paxful CEO, which lost more than $ 7 million due to an exploit by Solana Bridge.
Phishing -scam also remained a major threat, because scam previously reported that 9,220 victims in January lost a total of $ 10.25 million. Meme Coin Scams played a role, in which bad actors used social media to lure investors before they disappear from funds.
In the meantime, fake accounts are also popping up – more than 300 a day, twice as much as in November. As Crypto.news reported earlier, scammers even take over Big X accounts such as Yahoo News UK and Lenovo India to push fake tokens.
