Crypto phishing losses dropped 56% to $10.2m: ScamSniffer

Phishing scams drained over $10.2 million in crypto from more than 9,000 victims in January, a 56% drop from December, data shows.

While phishing losses fell 56% in January to $10.25 million, new threats are spreading fast, according to latest findings reported by blockchain firm ScamSniffer.

In a Feb. 3 thread on X, the firm revealed that more than 9,200 victims lost funds last month. “Transaction simulation spoofing,” a scam tricking users into signing fake transactions, has cost victims hundreds of thousands in a single attack. For instance, one user lost 143.45 in Ethereum (ETH) (around $461,000) in just one day due to such scam attack

Malware is blowing up fast too. ScamSniffer says Telegram “Fake Safeguard” scams have skyrocketed over 2,000% since November 2024. Moreover, Solana users aren’t safe either as scammers are using fake Phantom wallet popups to steal seed phrases, the secret keys that unlock full control of a crypto wallet.

Meanwhile, fake accounts are also popping up — over 300 a day, twice as many as in November. As crypto.news reported earlier, scammers are even taking over big X accounts like Yahoo News UK and Lenovo India to push bogus tokens.

Blockchain sleuth ZachXBT previously warned users to revoke app permissions for their non-custodial wallets if they interacted with suspicious websites. ScamSniffer also advises victims to contact recovery services but warns against “recovery experts,” who promise 100% returns as they are just the same scammers looking to steal even more money.

Related Posts

UAE real estate embraces stablecoins as Tether, Reelly Tech educate agents

Tether and Reelly Tech are teaming up to integrate USDT into real estate transactions in the UAE. The partnership aims to improve efficiency in real estate deals while educating agents…

Tokenized funds go on-chain as Sui, Libre Capital expand blockchain finance

Sui users could soon benefit from expanded access to tokenized funds through a new partnership between the blockchain platform and Libre Capital. The initiative will leverage the Sui (SUI) blockchain…

Leave a Reply

Your email address will not be published. Required fields are marked *