Crypto hacks jump ninefold in January: Immunefi

Crypto hacks jumped in January 2025, with total losses reaching $ 73.9 million out of 19 incidents, according to an immunefi report.

The figure marks an increase of nine times compared to December but a drop of 44.6% compared to January 2024, when the pirates stole $ 133.4 million, according to to the report.

The Phemex Exchange based in Singapore represented most of the losses, undergoing a violation of $ 69.1 million. During the breach, Phemex suffer A hot portfolio of nearly $ 70 million operates with pirates siphoning funds on Ethereum (Ethn), Solana (GROUND), XRP (Xrp), and Bitcoin (BTC).

Analysts bound the attack on North KoreaNoting that stable stablecoins were quickly converted to Ethereum to escape the blacklist.

CEFI vs. Challenge

Centralized financing platforms were the main targets of hacks in January, representing 93.5% of total losses, while decentralized financing protocols saw 18 attacks, but only represented 6.5% of stolen funds.

This significant difference between centralized and decentralized finances was largely due to the attack on Phemex. Fraud did not contribute to any reported loss, the hacking remaining the only cause of flight in January.

The BNB channel was the most targeted blockchain in January 2025, representing 50% of the total losses on targeted networks with 10 individual attacks. Ethereum followed six incidents, representing 25% of losses.

The arbitrum and the base each underwent two attacks, while optimism has experienced a single violation.