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Crypto Theft Surges to $370M in January, Social Engineering Dominates
Crypto Theft Surges to $370M in January, Social Engineering Dominates
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BTCCSquare news:
Cryptocurrency theft soared to $370.3 million in January 2026, marking the highest monthly loss since February 2025. A single social engineering scam accounted for $284 million of the total, highlighting the growing sophistication of attacks in the sector.
Phishing scams emerged as the primary vector, responsible for $311.3 million in losses. The figures represent a near-quadrupling compared to January 2025, according to blockchain security firm CertiK.
Other notable exploits targeted protocols including Step Finance, Truebit, and SwapNet. The trend underscores the urgent need for enhanced security measures across decentralized platforms.
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