Immunefi Crypto Losses January 2025 Report

• In January 2025, $73,915,700 was lost due to hacks across 19 specific incidents. This represents a 44.6% decrease from January 2024, when registered losses were $133,412,617.
• Losses in January 2025 represent a 9x increase month-over-month, compared with December 2024, when registered losses were $3,850,078.
• Most of the sum was lost in two specific projects: Singapore-based crypto exchange Phemex, which lost $69.1 million, and options platform Moby Trade, which lost $2.5 million.
• In January 2025, CeFi accounted for 93% of the total losses, while DeFi, which experienced 18 cases, accounted for the remaining 6.5% of the total volume of funds lost.
• Hacks continued to be the predominant cause of losses compared to fraud. A total of $73,915,700 was lost across 19 specific hacking incidents.
• BNB Chain was the most targeted chain in January 2025, representing 50% of the total losses across targeted chains.

December 2024 vs. January 2025

• December 2024 — $3,850,078
• January 2025 — $73,915,700

Top 10 Losses in January 2025*

• Phemex — $69,100,000
• Moby Trade — $2,500,000
• Orange Finance — $830,000
• IPC — $554,900
• The Idols NFT — $330,000
• UniLend Finance — $196,200
• Odos — $98,000
• Laura Ai — $48,200
• Pika Infinity — $44,700
• Sorra — $43,000

Hacks vs. Fraud Analysis

In January 2025, hacks continued to be the predominant cause of losses compared to fraud, accounting for 100% of the total losses.

Overview

• Hacks — In total, we have seen a loss of $73,915,700 due to hacks in January 2025 across 19 specific incidents.
• Fraud — No cases of fraud were reported.

Hacks vs. Fraud — January 2025: Hacks 100%

DeFi vs. CeFi Analysis

In January 2025, CeFi again surpassed DeFi, representing 93.5% of the total volume of funds lost.

Overview

• DeFi — DeFi suffered $4,815,700 in total losses in January 2025 across 18 incidents.
• CeFi — CeFi suffered $69,100,000 in total losses in January 2025 due to a single incident: the hack of the Singapore-based trading platform Phemex.

DeFi vs. CeFi — January 2025: CeFi 93.5%, DeFi 6.5%

Losses by Chain

The most targeted chain in January 2025 was the BNB Chain.

Overview

• In January 2025, BNB Chain suffered 10 individual attacks, representing 50% of the total losses across targeted chains.
• Ethereum experienced 6 incidents, representing 25% of the total.
• Arbitrum and Base suffered 2 attacks each, followed by Optimism with a single attack.

Losses by Chain — January 2025

• BNB Chain — 10
• Ethereum — 6
• Arbitrum — 2
• Base — 2
• Optimism — 1

Crypto Losses January 2025 — Summary

Total Losses YTD: $73,915,700

In January: $73,915,700

Major Losses

• Phemex — $69.1M
• Moby Trade — $2.5M
• Orange Finance — $830.0K
• IPC — $554.9K
• The Idols NFT — $330.0K

Hacks vs. Fraud

• Hacks — $73,915,700
• Fraud — $0

DeFi vs. CeFi

• DeFi — $4,815,700
• CeFi — $69,100,000

Top Losses by Chain

• BNB Chain — 10
• Ethereum — 6
• Arbitrum — 2
• Base — 2

Download the full report here.

For questions about this study or Immunefi itself, reach out at press@immunefi.com

About Immunefi

Immunefi is the leading security platform for crypto, protecting more than $180 billion in user funds, and securing protocols across the full development lifecycle, from pre-deployment through production.