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Crypto Phishing in August: Losses Increased by 72% Month-over-Month

Crypto Phishing in August: Losses Increased by 72% Month-over-Month

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by Giorgi Kostiuk

2 days ago


According to ScamSniffer's report for August 2025, losses from crypto phishing have significantly increased, reaching $12.17 million. More than 15,230 individuals were affected.

Increase in Phishing Losses

In August, the amount of phishing losses increased by 72% compared to July. ScamSniffer, a known Web3 security firm, reports a significant rise in the number of victims, focusing primarily on assets linked to Ethereum.

Targeted Assets and Trends

Ethereum (ETH) has become the primary target for phishing attacks. Recent data indicate that scammers are actively utilizing schemes directed at ETH and ERC-20 tokens. This rise in phishing attacks is not linked to specific market events, highlighting the need for constant vigilance.

The Need for Enhanced Security

This dramatic increase in attacks on crypto assets emphasizes the need to raise security standards in the industry. To mitigate risks, improvements in protective technologies and educational initiatives within the community are required to prevent future attacks.

The findings from ScamSniffer's report indicate growing threats in the field of cybersecurity in the cryptocurrency world. This underscores the importance of enhancing protective measures and awareness among investors.

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