Crypto Phishing Losses Fell 83% in 2025, Scam Sniffer Reports
Crypto phishing losses via wallet drainers dropped 83% in 2025 to $83.85 million, though the ecosystem remains active.Summary
According to a report by Web3 security platform Scam Sniffer, crypto phishing losses tied to wallet drainers plummeted by 83% in 2025, falling from nearly $494 million in 2024 to $83.85 million. The number of victims also decreased by 68% to 106. The report notes that losses correlate with market activity, peaking in Q3 2025 during Ethereum's rally. The largest single theft involved a $6.5 million Permit signature exploit, and Permit-based attacks accounted for 38% of losses over $1 million. A new threat vector emerged with EIP-7702-based malicious signatures following the Pectra upgrade. While large-scale incidents declined, attackers shifted toward lower-value, higher-volume strategies, evidenced by the average loss per victim falling to $790. Scam Sniffer concluded that the drainer ecosystem persists, with new drainers emerging as old ones fade.
(Source：Cointelegraph)