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

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. 

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a phishing transaction transferring ownership of their proxy contract to an attacker, after which all assets were withdrawn.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.