Crypto losses top $400M in January as phishing scams surge

[madmax]

The crypto industry suffered more than $400 million in losses in January 2026, driven largely by a sharp rise in sophisticated phishing attacks. Blockchain security firm CertiK reported 40 separate incidents that accounted for roughly $370 million in losses, a figure that climbed further after a late-month exploit.

One social engineering attack dominated the data. On Jan. 16, a single investor lost $284 million after falling victim to a phishing scam impersonating hardware wallet support. The attacker tricked the victim into revealing a recovery seed phrase, enabling the theft of over 1,400 Bitcoin and 2 million Litecoin — accounting for more than 70% of the month’s total losses.

[JanEmil]

To easy to be a scammer. People tell online how much they have and type of wallet.
So they just pick a rich person that it not so good with tech.