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Scammers Stole About $63 Million in Crypto Via Phishing in August

04.09.2024
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Losses of cryptocurrency users due to phishing jumped by 215% in August compared to the previous month. The total number of victims exceeded 9,000.

Users Lost $63M to Phishing in August

In August, scammers stole more than $63 million in crypto through phishing, according to Scam Sniffer. Compared to the previous month, the value of stolen assets increased by 215%, while the number of victims dropped by 34%. 9,145 users lost funds because of phishing in August.

A single phishing attack accounted for approximately 88% of all stolen funds last month. A user of protocol DeFi Saver signed a phishing transaction transferring ownership of their proxy contract to an attacker, after which all assets were withdrawn. They lost $55.43 million in DAI tokens.

Scam Sniffer analysts also noted a significant decrease in the number of fake accounts on X in August. Stats on phishing attacks are aggregated by representatives on the Dune Analytics platform.

In mid-July, Chainalysis analysts identified several new phishing schemes. Moreover, as a result of a large-scale study it was found that attackers most often use the brand Coinbase to organize phishing attacks on crypto holders.

Сообщение Scammers Stole About $63 Million in Crypto Via Phishing in August появились сначала на CoinsPaid Media.

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Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

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