Crypto hacks dropped 44% year-over-year in January, but CeFi remains the prime target, accounting for 93% of total losses, Immunefi said.
Cryptocurrency hackers continue stealing user funds, but cybertheft in January was less than stolen in the year-earlier period, flashing a positive sign for the crypto industry.
Crypto hackers stole over $73 million worth of digital assets across 19 individual incidents in January, marking a 44% decrease from $133 million in January 2024.
Still, January’s $73 million was a ninefold month-over-month increase from December, when hackers only stole $3.8 million worth of cryptocurrency, according to a Jan. 30 Immunefi report shared with Cointelegraph.
Read more,# Crypto Hacks: A Yearly Drop but Still a Goldmine for Cyber Crooks
## Key Points:
– **Hacks down 44%**: January witnessed a 44% decrease in crypto hacks year-over-year—so, some progress?
– **CeFi is the ATM**: Centralized finance (CeFi) platforms are still the go-to spot for hackers, taking 93% of the total losses.
– **$73 Million Gone**: Hackers managed to make off with over $73 million in stolen crypto during January, which sounds like Monopoly money but is very real!
– **A Rise in Crime**: Shockingly, January’s losses were a staggering ninefold increase from December’s $3.8 million hack—a plot twist worthy of a heist movie.
### Hot Take:
So, it appears that while hackers are taking fewer total trips to the crypto buffet this year, they clearly made a New Year’s resolution to come back with a vengeance! And let’s be real—if you’re still treating your investments like an all-you-can-eat buffet at a sketchy diner, expect to get ripped off every time. Stay safe, keep those funds secured, and maybe reconsider trusting the person who runs a “get-rich-quick” scheme coming from their basement. #CryptoCrime #CeFiRobbery #HackersGonnaHack
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