January Crypto Hacks: 370M$ Loss, SOL Impact

SOL Ecosystem January Exploits Hit Record High

According to CertiK, the value stolen in cryptocurrency exploits and scams in January reached $370.3 million; this figure is the highest in 11 months, four times January 2025, and a 214% increase from December. 40 incidents were recorded, with most of the total stemming from a $284 million social engineering scam. Phishing attacks caused $311.3 million in losses. This is the highest monthly figure since the $1.5 billion loss in February 2025.

SOL-Based Major Hacks: Step Finance and Saga

PeckShield identified Step Finance ($28.9 million, 261k SOL) and the Truebit protocol ($26.4 million, TRU token price crashed) as the month's biggest hacks. Other notable incidents include the SwapNet ($13.3 million) and Saga ($7 million) hacks. A total of 16 hacks resulted in $86.01 million in losses; this represents a 1.42% decrease from last year but a 13% increase from December. Data sourced from CertiK and PeckShield. The SOL ecosystem was among the most affected by these losses.

SOL Technical Analysis: Supports Nearby

As of February 2, 2026, SOL price is at $104.02 (+1.01% 24h). RSI 30.65 (oversold), overall trend bearish, and Supertrend bearish. EMA 20: $121.81. Strong supports: S1 $95.95 (8.15% away, 75/100 score), S2 $100.80 (3.51% away, 61/100). Resistances: R1 $108.41 (3.78% away, 75/100), R2 $121.79 (16.59% away). Despite the hack wave, SOL is holding at critical supports, and RSI may signal recovery.