Crypto Theft Hit Nearly $400 Million in January 2026

The crypto industry’s security challenges reached a critical point in January 2026. A surge in sophisticated phishing attacks and treasury breaches drained roughly $400 million from the ecosystem.

Data from blockchain security firm CertiK shows that 40 recorded incidents cost the crypto industry approximately $370.3 million.

However, that figure climbs to over $400.3 million when accounting for a $30 million exploit of the Solana-based platform Step Finance on January 31.

CertiK reported that a singular, devastating social engineering scam, rather than complex protocol hacks, defined the month.

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