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Phishing Drives $370 Million in Crypto Theft in January

A single Trezor-support impersonation accounted for most of the month’s losses.

Overview

  • CertiK tallied $370.3 million lost across 40 scams and exploits in January.
  • About $311.3 million was linked to phishing and social engineering, far outpacing code-level failures.
  • One victim lost roughly $284 million after a Trezor customer-support impersonator obtained their seed, including 1,459 BTC and 2.05 million LTC.
  • Technical hacks still totaled $86.01 million across 16 incidents, with major hits at Step Finance (~$28.9M), Truebit (~$26.4M), SwapNet (~$13.3M) and Saga (~$7M).
  • The monthly toll rose 214% from December’s $117.8 million and nearly quadrupled versus January 2025.