Crypto Phishing Attacks Drain $500M in 2024
Phishing attacks by crypto wallet drainers reached alarming heights in 2024, with an estimated $500 million stolen. Over 330,000 addresses were affected, demonstrating the widespread impact on crypto users.
This represents a sharp 67% rise from 2023, highlighting the increasing sophistication of these malicious schemes, according to Scam Sniffer.
Ethereum Leads in Crypto Phishing Losses as Attacks Evolve
The thefts occurred in distinct waves. The first quarter (Q1) of 2024 was the most damaging, with $187.2 million lost and 175,000 victims reported. March was particularly devastating, recording $75.2 million in losses, making it the highest monthly figure of the year.
