Crypto Theft Jumps To $370M In January As Scams Surge

Crypto-related theft soared steeply in January, with hackers and scammers taking almost $370 million worth of digital assets, according to blockchain security firm CertiK.

This is roughly four times the amount taken in January of last year and represents the biggest monthly loss in almost a year.

Forty exploit and scam occurrences happened during the month, according to CertiK. The majority of damages were caused by a single social engineering scam, with one victim losing over $284 million.

Phishing assaults were the biggest driver overall, responsible for more than $311 million in stolen assets.

January’s amount reflects a 277% gain from January 2025 and a significant rise from December’s $117 million. Security firm PeckShield added that the largest hack of the month targeted Step Finance, where attackers stole nearly $29 million in Solana tokens.

Other major incidents included attacks on Truebit, SwapNet and Saga. While the number of hacks fell slightly year-on-year, rising scam sophistication continues to pose serious risks for crypto users.

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