Crypto Hackers Steal Nearly $80 Million in January 2025
The cryptocurrency market has recorded nearly $80 million in losses due to cyberattacks in January 2025. Research from Immunefi reveals that approximately $74 million was stolen through 19 hacking incidents this month, a ninefold increase from December 2024.
Key Points
- Cybercrime losses are down 44.6% compared to January 2024, when over $133 million was stolen.
- The largest hack occurred on January 23 at Phemex, resulting in a loss of over $69.1 million.
- Moby Trade suffered a $2.5 million loss due to exploited vulnerabilities.
- Smaller attacks affected multiple platforms without any reported fraud cases.
- Lazarus Group is suspected to be behind the Phemex attack based on operational patterns.
Targeted Networks
- BNB Chain experienced 50% of all hacks this month with 10 incidents.
- Ethereum accounted for 25% of the attacks.
- Arbitrum and Base each had two attacks; Optimism reported one.
A report indicated that hackers stole $2.2 billion in 2024, a 21.07% increase from the previous year. Between January and July 2024, $1.58 billion was looted, up 84.4% from the same period in 2023.