Blockchain Security Firm CertiK Remains Focused on Enhancing Web3 Infrastructure

Blockchain security firm CertiK reported a significant surge in cryptocurrency thefts during January 2026, with losses reaching $370.3 million. This represents the highest monthly total in 11 months and a sharp increase from the same period a year earlier. The bulk of the losses stemmed from a large-scale social engineering attack, where a single incident resulted in $284 million in stolen funds according to the report.

Jiuzi Holdings announced a $90 million investment from Morgan International Finance at $3 per share. The investment aims to support the company's blockchain and Web3 initiatives. The funds will provide robust backing for strategic expansion in digital asset strategies and infrastructure development as per the announcement.

The automotive blockchain market is also experiencing growth, with the sector expected to surpass $3.26 billion by 2031. This growth is driven by increasing demand for supply chain transparency and data integrity solutions. Regulatory changes, particularly in the EU, are pushing automakers to adopt blockchain for tracking battery materials and ensuring compliance according to market analysis.

Why Did This Happen?

The rise in crypto thefts reflects ongoing vulnerabilities in digital assets. CertiK attributed the January losses to phishing and social engineering attacks, which accounted for $311.3 million of the total. The firm also noted that on-chain exploits, such as the Step Finance hack, contributed to the losses as reported.

Jiuzi's investment is a strategic move to strengthen its position in the blockchain and Web3 space. The company emphasized that the funds will enhance its capital structure and provide long-term support for innovation. This aligns with the global shift toward decentralized technologies and digital asset strategies according to the company announcement.

Automotive companies are adopting blockchain to improve traceability and compliance. The EU's battery passport requirements are a key driver, pushing automakers to implement digital solutions for tracking materials. This trend is mirrored in North America, where similar policies are being discussed according to market analysis.

How Did Markets React?

The crypto market reacted to CertiK's report with increased scrutiny on security measures. Investors are paying closer attention to the risks associated with digital assets. The high-profile thefts highlight the need for better authentication and data protection protocols as reported.

Jiuzi's investment announcement was well-received by the market. The company's shares saw a modest increase in value following the news. Analysts noted that the investment strengthens Jiuzi's financial position and supports its long-term goals in blockchain and Web3 development according to market analysis.

The automotive blockchain market is gaining traction as automakers seek to modernize their supply chains. Companies are exploring decentralized solutions to address issues like counterfeit parts and data integrity. This has led to a surge in partnerships and technology investments within the sector according to market research.

What Are Analysts Watching Next?

Analysts are closely monitoring the impact of CertiK's findings on the broader crypto market. They are assessing how exchanges and platforms will respond to the increased threat of social engineering attacks. The January data suggests that security remains a critical concern for digital assets as reported.

The success of Jiuzi's blockchain initiatives is another key focus area. Analysts are evaluating the company's ability to execute its expansion plans and integrate new technologies. The investment from Morgan International Finance adds credibility to Jiuzi's strategy and may influence similar moves by other firms in the sector according to market analysis.

The automotive blockchain market is expected to see further growth as regulatory frameworks evolve. Analysts are watching how automakers adapt to new requirements and whether blockchain will become a standard tool for compliance and traceability. The market's expansion could lead to increased adoption across global supply chains according to market research.