January Sees $370M in Crypto Theft, Marking 214% Monthly Surge

In January, crypto theft reached $370 million, a staggering increase propelled by a major phishing scheme. The rise reflects a 214% jump from December.

January 2023 witnessed a staggering $370 million in cryptocurrency theft, showcasing a significant increase that nearly quadruples the amount stolen year-on-year, according to recent findings from CertiK.

This alarming trend also reflects a 214% rise compared to the previous month, indicating a growing vulnerability in the crypto landscape. The majority of this loss can be attributed to a single phishing attack that compromised numerous assets.