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The value of cryptocurrencies stolen through fraud rose to $370.3 million in January 2026, marking an 11-month monthly increase and a significant increase compared to the same period last year. According to data from blockchain security company CertiK.
Key points:
- Cryptocurrency losses hit $370.3 million in January, the highest level in 11 months.
- Fraud and engineering fraud took the biggest toll, led by a single fraud worth $284 million.
- The risks continued, with major breaches of Step Finance and Truebit.
CertiK reported that while at least 40 cases of vandalism and fraud were recorded per month, most of the losses were caused by a single case.
According to reports, a single victim lost approximately $284 million in a major cyber attack, showing how cases can affect monthly revenue.
Fraudulence leads to $311 million worth of cryptocurrency theft in January
Fraud was the biggest problem, accounting for $311.3 million in total theft.
January’s losses represent a nearly four-fold increase since January 2025, when attackers stole $98 million, and more than triple December’s $117.8 million.
This price is the highest since February 2025, when monthly losses reached about $1.5 billion following the $1.4 billion hack of the cryptocurrency trading platform Bybit, according to CertiK.
While fraud and fraud took their toll, blockchain vulnerability remained an ongoing threat.
Blockchain security firm PeckShield reported that the biggest hack in January targeted Step Finance, a financial tracker on… Solana network.
Adding up all events in January, we confirmed a loss of approximately $370.3 million due to the attacks.
About $311.3 million of that money was due to fraud, and one victim lost about $284 million to a group technology scam.
More details below
pic.twitter.com/uXhi0P6dl5
– CertiK Alert (@CertiKAlert) January 31, 2026
The attackers lost an estimated $28.9 million after hacking multiple wallets, resulting in the theft of more than 261,000 Solana (SOL) coins.
The second major hack affected the Truebit process, which lost about $26.4 million on January 8 after a flaw in the smart contract allowed the attacker to use cheap tokens, causing a significant drop in the value of the TRU token.
PeckShield also saw a $13.3 million hack on SwapNet and another $7 million hack that affected the Saga Network.
PeckShield recorded 16 violations in January, resulting in losses of $86 million. Although this number was slightly lower compared to the previous year, it represents a significant increase from December, confirming the constant continuation of the risk of cryptocurrency security.
Cryptocurrency transactions will reach $154 billion in 2025, according to Chainalysis
Cryptocurrency-related crime remains a concern. According to Chainalysis, addresses related to illegal activities received a total of 154 billion dollars in 2025, a significant increase from the previous year.
In another case, United States prosecutors charged a 23-year-old Brooklyn resident named Ronald Spector with stealing nearly $16 million in cryptocurrencies from 100 Coinbase users through a fraudulent and social media scheme.
According to the Brooklyn District Attorney’s Office, Spector posed as an employee of Coinbase and contacted the victims saying their money was at risk, prompting them to transfer cryptocurrencies to wallets he controlled.
Officials said the attack relied on terror tactics rather than technology. Using the term “lolimfeelingevil” on the internet, Spector warned would-be thieves to eliminate uncertainty and force them to make quick decisions.
A note Cryptocurrency losses reach $370 million in January 2026, highest in 11 months: CertiK appeared for the first time Cryptonews Arabic.
