Crypto Hackers Stole $70 Million More in January

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  • Crypto hackers stole $70 million more in January compared to December 2024
  • Hackers stole over $73 million in January 2025 compared to less than $4 million in December last year
  • Over 90% of the funds came from centralized crypto platforms

Crypto hackers continue to knock at crypto projects’ doors and have siphoned over $73 million from these platforms in 2025, according to Immunefi. The amount stolen in January is $70 million more than what the hackers pocketed in December last year, with over 90% of the funds stolen from centralized crypto platforms. However, the amount lost in January 2025 is almost 45% less than in January 2024 when crypto projects lost roughly $133 million, a sign that crypto projects may have increased their security measures to protect users’ assets.

$69 Million Stolen From One Platform

According to Immunefi, over $70 million of the crypto losses in January was siphoned from Phemex and Moby Trade which lost $69.1 and $2.5 million respectively. Other crypto projects that lost significant amounts include Orange Finance, IPC, The Idols NFT, and UniLend Finance.

The bug bounty platform disclosed that there were 19 hacking incidents in January. Hackers targeted decentralized platforms more than their centralized counterparts but only siphoned $4.8 million from DeFi platforms compared to the $69.1 million stolen from centralized platforms.

Immunefi also disclosed that BNB Chain was the most targeted chain, accounting for “50% of the total losses across targeted chains.” Ethereum came second accounting for 25% of the losses and Ethereum scaling layers like Arbitrum, Base, and Optimism came third.

Hackers Focusing On “Massive Exploits”

Immunefi’s report comes three weeks after another report disclosed that crypto hackers and scammers pocketed $400 million more in 2024 compared to 2023. Blockchain analysis firm Chainalysis previously said that hackers are focusing more on “massive exploits.”

With crypto hackers stealing more funds in January 2025 than in December 2024, it’s to be seen whether the losses will increase as the year progresses.

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