[Nearly $400 Million in Cryptocurrency Stolen in January, Single Phishing Attack Accounts for 70%] According to a report by Jinse Finance, blockchain security company CertiK revealed that the cryptocurrency industry suffered approximately 40 security incidents in January 2026, with losses exceeding $400 million. The largest single loss occurred on January 16 due to a phishing attack: an investor was scammed by someone impersonating Trezor's official customer service. Under the scammer's guidance, the victim disclosed the recovery seed phrase of their hardware wallet, resulting in the theft of 1,459 Bitcoins and 2.05 million Litecoins, totaling $284 million, which accounted for 71% of the month's total losses. The stolen assets were quickly converted into the privacy coin Monero (XMR) to obscure transaction trails, causing the price of XMR to surge and highlighting the challenges regulators face in combating money laundering through privacy coins. Other major breaches included: $30 million stolen from Solana platform Step Finance (January 31), $26.6 million lost by Truebit due to an overflow vulnerability, $13 million lost by Swapnet, and losses of $6.2 million and $4.2 million by Saga and Makina Finance, respectively.