Сrypto security breaches down nearly 40%, but hot wallet exploits persist

Crypto hacking losses fell to $ 98.19 million in January, compared to $ 160 million a year earlier, despite an increase in compromises, data reveal data.

The pirates had a busy start until 2025, although they stole less than last year. Cryptographic losses against security incidents reached $ 98.19 million in January, down $ 160 million in the same month of 2024, according to a February 6. research report by the Safety Company Blockchain Slowmist.

The report recorded 40 hacking incidents that have previously occurred in 2025, less than the 56 recorded in January 2024. Hot portfolio violations, phishing scams and contractual vulnerabilities were the main causes, while the Losses last year came from flash loan attacks, DDOS incidents, and price manipulation patterns.

This year’s largest attack was against Crypto Exchange Phemex, which lost About $ 70 million in crypto due to a hot portfolio violation. The other violations included lost more than $ 7 million Due to a solara bridge feat.

Phishing scams also remained a great threat as a dike earlier reported These 9,220 victims lost a total of $ 10.25 million in January. The memes players have played a role, with bad players using social media to attract investors before disappearing with funds.

Meanwhile, false accounts also appear – more than 300 per day, twice as much in November. Like crypto.News reported earlierThe crooks even take up the big X accounts like Yahoo News UK and Lenovo India to push false tokens.