According to a report by Immunefi, the crypto hacks increased in January 2025, the total loss reached $ 73.9 million in 19 incidents.
The figure marks the increase nine times from December but a decline of 44.6% compared to January 2024, when hackers stole $ 133.4 million, According For report.
Singapore -based Exchange Famex was responsible for the bulk of loss, violating $ 69.1 million. During the violation, Phemex suffered about $ 70 million hot wallet exploitation with hackers in Ethereum (Eth), Solana (SOL), XRP (XRP), and Bitcoin (BTC).
Analysts connected the attack to North Korea, given that the stolen stabelin was quickly converted into athrium so that it could be taken out of blacklisting.
Safi vs defafi
The centralized finance platform was the primary targets of hack in January, creating 93.5% of the total loss, while decentralized finance protocols saw 18 attacks, but only 6.5% was responsible for the stolen funds.
This significant difference between centralized and decentralized finance was largely due to the Famex attack. The only reason for theft in January, with the remaining hacking, fraud did not contribute to any reported damage.
The BNB series was the most targeted blockchain in January 2025, accounting for 50% of the total loss in the target network with 10 individual attacks. Etharium pursued with 25% loss, with six incidents.
Arbitum and Base each had two attacks, while optimism saw the same violation.
