According to the latest report from the Immunefi platform, the crypto industry will start 2025 with losses of $73,9 million due to 19 hacks. This is nine times more than in December 2024. On the other hand, this is 44,6% less than in January last year, when losses exceeded $133 million.
The bulk of January's losses were attributed to two incidents: a hack of Singapore-based crypto exchange Phemex that resulted in hackers stealing $69,1 million, and a $2,5 million hack of decentralized platform Moby Trade. Other notable exploits included attacks on Orange Finance, IPC, and The Idols protocols. NFT , UniLend Finance, Odos, Laura Ai, Pika Infinity and Sorra.
Interestingly, there were no cases of fraud registered this month.
In January, the most vulnerable network was BNB Chain . It accounted for 10 attacks and 50% of the total losses on the blockchain. Ethereum - 25%. Arbitum and Base survived two exploits each, Optimism - one.
Blockchain security platform Immunefi has paid out more than $112 million in bounties to white hat hackers and developers who have identified nearly 3000 vulnerabilities.
