In January 2025, the number of cyber attacks on the crypto industry decreased by 44% compared to the same period last year.
Decrease in attacks in January
According to Immunefi's report, 19 incidents were reported in January 2025, with over $73 million worth of digital assets stolen. This is a 44% decrease compared to the $133 million stolen in January 2024. However, compared to December's $3.8 million theft, this marks a ninefold increase.
Main targets and vulnerabilities
The Singapore-based crypto exchange Phemex suffered the most, losing over $69 million. Centralized financial systems, or CeFi, remain the main targets for hackers, accounting for 93% of all losses in January.
Security improvement recommendations
Mitchell Amador, founder and CEO of Immunefi, emphasizes the importance of using a multi-layered security approach, including enhancing key management and reducing reliance on single private keys. Regular security training and establishing bounty programs for vulnerabilities can also enhance platform reliability.
Building effective protection systems and actively using bounty programs for vulnerabilities will help reduce the risk of attacks on platforms in the future.
