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Home»Ethereum»Phishing losses drop 48% to $ 5.32 million in February while crypto users become more vigilant
Ethereum

Phishing losses drop 48% to $ 5.32 million in February while crypto users become more vigilant

March 10, 2025No Comments2 Mins Read
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The losses of crypto linked to phishing fell for the third consecutive month in February, with 7,442 victims losing $ 5.32 million, according to data from Scam Sniffer.

The security company indicated that this represents a significant drop of 48% compared to $ 10.25 million in January and 23.58 million dollars in December 2024.

The Blockchain company stressed that the downward trend suggests that crypto users are becoming more and more concerned with security, taking proactive measures to protect their funds.

In addition, the less incidents indicate a growing conscience of common scams and improved safety practices in the industry.

Major phishing attacks

The largest attack in February involved addressing poisoning on the Ethereum network, where crooks have manipulated transaction stories to encourage users to send funds to fraudulent addresses. This method represented $ 771,000 in stolen active ingredients.

Other phishing tactics have also caused substantial losses. License -related exploits have attracted $ 611,000 from Ethereum users, while BNB channel users lost $ 610,000 due to unrestricted approvals. In addition, the scams “increase approval” stole $ 326,000 at Ethereum portfolios.

A notable case involved a victim who lost $ 607,000 due to a phishing approval signed more than a year ago.

Given this, Scam Sniffer analysts advised users to revoke obsolete approvals when network costs are low to reduce exposure to such attacks.

Sophisticated phishing patterns

Despite the drop in phishing losses, the crooks continue to refine their tactics.

Scam Sniffer warned against a telegram -based scheme in which the attackers attract users in the verification codes, finally diverting their accounts.

The company explained how the attack works:

  • The crooks send a message urging the victim to “check” a problem.
  • The victim enters a connection code.
  • The attackers steal session information.
  • The victim loses access to his telegram account.
  • Once inside, they are looking for private keys or usurping the victim’s identity to deceive their contacts.

Scam Sniffer warned that these tactics become more widespread, attackers frequently using false safety alerts to manipulate users.

Posted in: Ethereum, crime



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