PANews January 3 News, the annual report for 2025 released by Scam Sniffer shows that losses caused by cryptocurrency phishing attacks have significantly decreased, from $494 million in 2024 to $83.85 million, a decrease of 83%. The number of victims also dropped by 68% to 106,106.
In terms of types, Permit signatures remain the most common; EIP-7702 malicious signatures appeared after the Pectra system upgrade, with two major incidents occurring in August. Phishing losses are closely related to market activity, with the probability of occurrence positively correlated with user activity. The third quarter saw the strongest price increase for Ethereum, and phishing losses were also the highest ($31 million). When the market is active, overall user activity increases, and the proportion of affected users also rises.
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