Crypto Hack’s losses fell from $160 million in January to $98.19 million in January despite an increase in account compromise, data reveals.
The hackers got off to a busy start until 2025, but have stolen less than last year. Cryptocurrency losses from security incidents fell 39% from $98.19 million in January, down 39% from $160 million in the same month in 2024, according to a February 6 investigation report by blockchain security company Slowarmist.
The report recorded 40 hacking incidents that have occurred so far in 2025. That’s less than the 56 recorded in January 2024. Although the main causes were hot wallet violations, phishing scams and contract vulnerabilities, last year’s losses came from flash loan attacks, DDOS outbreaks and DDOS outbreaks. and price-management schemes.
The biggest attack of the year was against Crypto Exchange Phemex, which lost around $70 million worth of crypto due to a hot wallet violation. Other violations include former Pax CEO Bitcoin Marketplace Sunon, who lost more than $7 million due to the Solana Bridge exploit.
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Phishing scams have also been a major threat as the scammers previously reported 9,220 casualties lost a total of $10.25 million in January. Meme Coin Scams played the role. Before using social media to seduce investors, they used social media and disappeared with funds.
Meanwhile, fake accounts are also pop-ups. Over 300 a day, twice as many as November. As Crypto.News previously reported, scammers have taken over big X accounts like Yahoo News UK and Lenovo India, pushing fake tokens.
read more: Crypto Phishing Scammers target investors chasing Trump-backed WLFI tokens
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