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Crypto Losses Surge to $370M in January Amid Phishing Epidemic

Crypto Losses Surge to $370M in January Amid Phishing Epidemic

Author:

Global Cryptocurrency

Published:

2026-02-02 09:12:01

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BTCCSquare news:

Blockchain security firm CertiK reports January 2026 saw $370.3 million in cryptocurrency stolen through exploits and scams—the highest monthly loss in 11 months. The figure represents a 278% year-over-year increase from January 2025's $98 million losses.

A single social engineering attack accounted for $284 million of the total, demonstrating how concentrated incidents distort industry risk metrics. Phishing scams dominated with $311.3 million in losses, while on-chain exploits persisted—notably targeting protocols like Step Finance and Truebit.

The surge follows a relative lull in late 2025, though remains far below February 2025's $1.5 billion catastrophe triggered by the Bybit exchange hack.

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