Increase in Phishing Attacks in the Cryptocurrency Sector: Latest Data and Threats

Cryptocurrency-Related Phishing Scams: Latest Data from September

According to data provided by Scam Sniffer, losses related to cryptocurrency-related phishing scams in the month of September show a decreasing trend. Although the number of victims has increased, the amount of funds lost has decreased compared to the previous month.

Decrease in Losses Despite Increase in Number of Victims

As of October 4th, scammers stole nearly $46.7 million from 10,805 victims. This marks a significant decrease compared to August, when the amount of lost funds reached $63 million.

Consent Scam Tactics

Most of the losses in September resulted from a case where one person lost 12,083 spWETH by signing a malicious consent. This tactic, known as a consent scam, involves deceiving individuals into signing a malicious blockchain transaction, enabling the transfer of control over the victim’s assets to malicious actors.

Third Quarter Summary

Scam Sniffer analysts noted that scammers made $127 million in the third quarter, targeting an average of 11,000 victims per month. It is important to highlight that only two individuals accounted for losses totaling $87 million. These alarming data confirm the increasing risks associated with phishing attacks in the cryptocurrency sector.

Increase in Phishing Attacks in the Third Quarter of 2024

A report by the blockchain security company CertiK, published on October 3rd, estimates that scammers stole a total of $343.1 million from 65 phishing incidents in the third quarter. Phishing was identified as the most damaging attack vector during this period. These data confirm the growing scale of the threat faced by cryptocurrency investors.

According to a report by the analytical firm Chainalysis, since 2021 scammers have stolen over $2.7 billion through phishing attacks. This underscores the need for effective remedial actions to protect investors’ funds from cybercrime in the cryptocurrency environment.