Crypto phishing losses fell 56% to $102 million: Scamsniffer

The phishing scam has surpassed $10.2 million in code from more than 9,000 casualties in January, a 56% drop from December, data shows.

The latest survey reported by blockchain company Scamsniffer shows that phishing losses fell 56% to $10.25 million in January, but the new threat is spreading rapidly.

In a February 3rd thread on X, the company revealed that more than 9,200 victims lost their funds last month. “Transaction simulation spoofing” plagues fraud to make users sign fake transactions, thus killing hundreds of thousands of victims in a single attack. For example, one user lost 143.45 in Ethereum (ETH) (approximately $461,000) in one day due to such a fraud attack

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Malware is also exploding rapidly. According to Scamsniffer, Telegram’s “Fake Safeguard” scams have skyrocketed by over 2,000% since November 2024. Additionally, Solana users are not safe as scammers are using fake phantom wallet pop-ups to steal seed phrases. .

Meanwhile, fake accounts are also pop-ups. Over 300 a day, twice as many as November. As Crypto.News previously reported, scammers have taken over big X accounts like Yahoo News UK and Lenovo India, pushing fake tokens.

Blockchain Sluce ZACHXBT previously warned users to revoke their permission for non-biowallet apps if they interact with suspicious websites. Scamsniffer also advises victims to contact recovery services, but warns “recovery experts.” “Recovery Experts” promise 100% returns as they are the same con artists who are trying to steal more money.

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