Crypto Phishing Losses Jump 200% as Attackers Shift Focus to High-Value Wallets

In January, crypto investors experienced a significant rise in sophisticated phishing attacks, with losses jumping over 200% to approximately $6.3 million, according to Scam Sniffer. This increase reflects a tactical shift by cybercriminals toward "whale hunting," targeting fewer high-net-worth individuals rather than many small accounts; two victims alone accounted for nearly 65% of total signature phishing losses. Signature phishing works by tricking users into signing malicious functions that grant indefinite access to drain tokens, while address poisoning involves creating vanity or lookalike wallet addresses that mimic legitimate ones in transaction history to steal funds upon copy-pasting. The rise in these threats prompted Safe Labs, the developer of the multisig wallet Safe, to issue a security warning, urging users to always verify the full alphanumeric string of any recipient address before executing transfers.

(Source：BeInCrypto)