Crypto Phishing Scams Surge in April, Costing Users $5.29 Million

BTCC / BTCC Square / Global Cryptocurrency /

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2025-05-03 11:56:02

Cryptocurrency phishing attacks escalated sharply in April, draining $5.29 million from 7,565 victim addresses—a 26% increase from March. High-value targets remained vulnerable, with one whale losing $1.43 million to fraudulent signature approvals. The attack vectors diversified, exploiting multi-permit signatures and other sophisticated tactics.

Notable losses included $666,414 from address 0xc1e4260cb and $234,000 from 0x7C930969FCF. The trend mirrors March’s $1.82 million whale heist, underscoring persistent risks even for experienced investors. ScamSniffer’s data reveals a worrying acceleration in both scale and complexity of these exploits.

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