The crypto industry’s security challenges reached a critical point in January 2026. A surge in sophisticated phishing attacks and treasury breaches drained roughly $400 million from the ecosystem.
Data from blockchain security firm CertiK shows that 40 recorded incidents cost the crypto industry approximately $370.3 million.
Single $284 Million Phishing Attack Dominates
However, that figure climbs to over $400.3 million when accounting for a $30 million exploit of the Solana-based platform Step Finance…