*$127 Million Lost to Crypto Phishing Scams: Are Your Assets Safe?*
Read to understand what's happening in the world of cryptođđ»đ„Žđ€Ż
In September 2024, nearly 10,000 victims of crypto phishing scams lost an alarming $46 million, according to ScamSnifferâs monthly phishing report.
This rising trend highlights how cybercriminals are increasingly targeting cryptocurrency users.
Among the reported losses, one victim lost a staggering $32 million due to a forged permit signature, while another lost $1 million by simply copying a contaminated transfer address.
These cases contribute to a larger problem, with total losses from phishing attacks in Q3 2024 reaching $127 million.
On average, around 11,000 victims fall prey to these scams each month, with two major incidents alone accounting for $87 million in losses.
Shocking, right? Hereâs how it all unfolded.
How Victims Are Targetted
Most phishing scams come from fake accounts on X (formerly Twitter) and malicious ads on Google.
Cybercriminals trick victims into clicking on phishing links that look like legitimate platforms.
Once users engage, their wallets can be compromised, or they may accidentally sign transactions that lead to the loss of their assets.
*Stay Alert â Always!* ââ
