Crypto phishing scams surge, $314M stolen in first half of 2024
Share link:In this post: Phishing scammers stole $314 million from 266,713 people within the first six months of 2024. The biggest loss was suffered by a MakerDAO delegate who lost over $11 million lost in staked Maker and Pendle tokens. Scam Sniffer noted that the scammers heavily depended on impersonating legitimate crypto projects on X to lure their victims.Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information p
Blockchain security firm ScamSniffer’s mid-year report revealed that over 260,000 individuals lost $314 million to phishing scams across all Ethereum virtual machine (EVM) chains during the first half of this year.
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According to the firm, this figure exceeds the $295 million lost to phishing attacks throughout 2023, highlighting a significant increase in scam activity within the crypto industry. Market analysts have attributed the rise to the growing sophistication of phishing attacks and the higher value of cryptocurrencies
Around $60 million was lost in top 20 phishing thefts
ScamSniffer’s data indicates that March was the peak month for crypto scammers in 2024, with $71.5 million stolen from over 77,000 victims. Although this amount dropped to around $40 million in April, it has gradually increased, showing that scammers are regaining momentum.
A breakdown of the stolen funds reveals that the top 20 victims lost $58 million, each losing more than $1 million. The largest incident during the reporting period involved a MakerDAO delegate losing $11 million in staked Maker and Pendle tokens.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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