Crypto Sector Loses $370 Million to Exploits and Scams

The crypto sector has faced significant challenges in recent months, with a notable spike in losses due to exploits and scams. According to data from CertiK, January 2026 saw the industry lose approximately $370.3 million to such attacks.

This represents an 11-month high and is nearly four times the amount lost in January 2025. Notably, a substantial portion of these losses were attributed to social engineering attacks, which accounted for around $284 million of the total losses.

Experts have pointed out that most crypto asset losses stem from user-level risks such as phishing links, fake advertisements, and social engineering attacks, rather than underlying smart contract vulnerabilities. This highlights the importance of vigilance and education in preventing such incidents.