January 2025: The cryptocurrency industry suffers $98.19 million in losses—security and vigilance are more crucial than ever.

Cryptocurrency Industry Faces Major Losses in January 2025: A Breakdown

The cryptocurrency sector encountered significant financial setbacks in January 2025, totaling around $98.19 million in losses, as reported by Foresight News. Of this, $87.94 million was attributed to 40 hacking incidents, with $1.47 million successfully recovered, according to data from SlowMist.

Additionally, Scam Sniffer’s monitoring identified 9,220 victims, contributing to $10.25 million in losses. This highlights the ongoing need for enhanced security and awareness within the crypto space. Stay vigilant and protect your assets.

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