Crypto Phishing Losses Fall 83% To $84 Million In 2025 Despite Active Drainer Ecosystem
Cryptocurrency phishing losses fell 83% in 2025 to $83.85 million from $494 million the previous year.
The number of victims declined 68% to 106,106, according to Web3 security platform Scam Sniffer.
The firm warned that phishing activity closely tracked market cycles rather than disappearing entirely.
Third quarter losses reached $31 million during Ethereum’s (ETH) strongest rally, accounting for 29% of annual phishing damage.
What Happened
Permit signature attacks remained the dominant method, representing 38% of incidents exceeding $1 million in losses.
The largest single theft totaled $6.5 million in September through a malicious Permit signature.
EIP-7702 malicious signatures emerged after Ethereum’s Pectra upgrade, enabling…
