**Crypto Stolen Hits Record-High of $370M in January, Quadrupling Year-on-Year**

Crypto thieves and scammers have struck again, with a staggering $370 million stolen in January alone. According to security company CertiK, this figure marks the highest monthly loss since February 2025, when attackers made off with around $1.5 billion.

What's even more striking is that this amount represents a nearly fourfold rise from January last year, when crypto thieves stole $98 million. This month's losses also represent a 214% increase from December's total of $117.8 million lost to crypto theft.

The majority of the value stolen came from one victim who lost around $284 million due to a social engineering scam. Phishing scams were also rampant, with attackers stealing an astonishing $311.3 million over the month.

CertiK's report highlights the growing threat posed by crypto thieves and scammers. The security company noted that there were 40 exploit and scam incidents in January alone, making it one of the most significant months for crypto theft since February 2025.

**The Largest Hacks of January**

Among the largest hacks of the month was the attack on Step Finance, which saw attackers steal around $28.9 million. This decentralized finance portfolio tracker was compromised when several of its treasury wallets were hacked, with over 261,000 Solana (SOL) taken.

The next-largest exploit for the month was the $26.4 million attack on the Truebit protocol on Jan. 8. A flaw in a smart contract allowed an attacker to mint tokens at nearly no cost, which also crashed the price of the Truebit (TRU) token.

Other notable hacks included the $13.3 million exploit against liquidity provider SwapNet on Jan. 26 and the $7 million attack against blockchain protocol Saga on Jan. 21.

**PeckShield's Report**

Crypto security company PeckShield also released a report highlighting the severity of January's hacks. According to their findings, there were 16 hacks in total across January, totaling $86.01 million in losses.

This represents a 1.42% decrease from a year ago but a more than 13% jump from December. PeckShield noted that while the number of hacks has decreased slightly, the severity and frequency of attacks are on the rise.

**A Growing Concern**

The latest figures serve as a stark reminder of the growing threat posed by crypto thieves and scammers. As the value of cryptocurrencies continues to rise, so too do the risks associated with them.

It's essential for investors and users to take necessary precautions to protect themselves from these attacks. This includes using robust security measures, such as two-factor authentication and cold storage wallets, and staying vigilant against phishing scams and social engineering tactics.

**Conclusion**

The record-high $370 million stolen in January is a stark reminder of the need for increased vigilance and security measures in the crypto space. As the industry continues to grow, so too will the threats posed by hackers and scammers.

It's essential that investors, users, and developers alike take steps to protect themselves from these attacks and stay informed about the latest developments in crypto security.