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In August, losses incurred by cryptocurrency users due to phishing surged by 215% compared to the prior month, with the total number of affected individuals surpassing 9,000.
According to Scam Sniffer, scammers appropriated over $63 million in cryptocurrency through phishing in August. This represents a 215% increase in the value of stolen assets from the previous month, while the number of victims decreased by 34%. A total of 9,145 users experienced financial losses due to phishing during this period.
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A single phishing incident was responsible for nearly 88% of all funds stolen last month. A user of the DeFi Saver protocol executed a phishing transaction that transferred control of their proxy contract to an attacker, resulting in the withdrawal of all assets. They incurred a loss of $55.43 million in DAI tokens.
Analysts from Scam Sniffer also observed a notable decline in the number of fraudulent accounts on X in August. Data on phishing incidents is compiled by representatives on the Dune Analytics platform.
In mid-July, analysts from Chainalysis uncovered several new phishing schemes. Additionally, a comprehensive study revealed that attackers frequently utilize the Coinbase brand to conduct phishing attacks targeting cryptocurrency holders.
The message Scammers Stole About $63 Million in Crypto Via Phishing in August first appeared on CoinsPaid Media.
