Crypto Phishing Losses Crash By 83% In 2025 – Details

Phishing losses in the cryptocurrency space plummeted by 83% in 2025, dropping from $494 million to $84 million. The number of victims also fell by 68%, with 106,106 reported cases. Despite the decline, security experts caution against interpreting this as a reduction in threats, noting that losses correlate with market activity rather than improved safety measures.

Signature phishing attacks, often executed via wallet drainers, remained a critical vulnerability. The largest single theft of the year involved a $6.5 million permit signature attack in September—a stark contrast to 2024's peak incidents. Quarterly data reveals Q3 as the most active period, accounting for 29% of annual losses amid heightened market volatility.

Analysts emphasize that phishing trends mirror broader crypto market cycles. Monthly losses fluctuated between $2.04 million in December and $12.17 million in August, underscoring the persistent risks during periods of increased trading activity.