Signature Phishing Attacks Surge 200% with January Losses Exceeding $6M

In January, phishing scams cost nearly 4,700 victims a staggering $6.27 million, driven by lower Ethereum fees and established wallet usage.

In a startling rise, phishing schemes have surged by 200%, with January witnessing losses surpassing $6 million. Roughly 4,700 individuals fell prey to various scams, resulting in a total of $6.27 million stolen.

This surge in phishing activity has been attributed to the declining costs associated with Ethereum transactions, enabling scammers to capitalize on the situation. Furthermore, the utilization of common wallet practices has made it easier for fraudsters to deceive unsuspecting users.