Scam Sniffer 2023: Crypto Phishing Epidemic Drains $300 Million from 320,000 Users

January 1, 2024.

Scam Sniffer’s latest report for 2023 sheds light on a concerning surge in crypto phishing scams, resulting in the draining of a staggering $300 million from the wallets of 320,000 users. The report underscores the increasing sophistication of phishing techniques employed by malicious actors in the crypto space. These scams, ranging from deceptive token airdrop lures to more intricate phishing pages on social media and chat applications, have successfully exploited the vulnerabilities of unsuspecting victims. The findings highlight the need for enhanced user awareness, stringent security measures, and collaborative efforts within the crypto community to combat the rising tide of phishing attacks.

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