Web3 anti-scam platform Scam Sniffer has revealed the alarming volume of cryptocurrency pilfered in 2023 due to increasingly sophisticated phishing scams.
“In the past year, Scam Sniffer has monitored these Wallet Drainers stealing nearly 295 million US dollars in assets from about 324,000 victims,” the report stated.
Crypto Phishing Scams On The Rise
A recent report indicates a monthly increase in crypto phishing scams throughout 2023, with scammers employing increasingly complex methods to target victims.
“Over the past year, phishing activities have steadily increased each month with phishing scammers employing more sophisticated tactics to evade security measures. Scam Sniffer has made findings on “Wallet Drainers” that warrant the industry’s full attention.”
However, in the last year, Scam Sniffer found that Wallet Drainers took about $295 million from around 324,000 victims.
On March 11, scammers took $7 million, mainly because of changes in USDC rates. According to Scam Sniffer, victims got tricked by fake Circle websites.
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Author: Ciaran Lyons
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