Phishing scams, the legitimate communication disguised attacks or websites designed to steal confidential funds and information, cost the users of cryptocurrencies more than $ 12 million in August, 72% more than as of July, the SNIFFER of Web Service Service Anti-SCAM reported on Saturday.
Phishing Crypto scams affected 15,230 victims in August, an increase of 67% from July, with the largest loss that cost a user more than $ 3 million, according to Scam Sniffer.
The scam team also pointed out an “acute escalation” in the EP-7702 firm scams. EIP-7702 is a proposal to improve Ethereum that allows property accounts externally to act as intelligent contract wallets that can execute transactions and change funds.
Computer scammers and pirates that exploit this functionality exhausted more than $ 5.6 million in August through three separate attacks, said Scam Sniffer.
Scams and cybersecurity exploits continue to be a problem in cryptography, with more than $ 163 million stolen in August through malicious activities. The persistent threat is a reminder for cryptography users to remain vigilant and practice good anti-phishing and anti-SCAM security measures.
Related: The Venus protocol recovers the $ 13.5 million of the stolen user in a phishing attack
Good practices to stay safe against phishing scams
Losses of cryptographic and scams crossed $ 3.1 billion in the first half of 2025 in increasingly sophisticated attack methods.
Scammers are often addressed to users, passing through legitimate and known cryptocurrencies exchanges, either by configuring fake websites with similar URL addresses for legitimate exchanges or sending false communications to users.
https://www.youtube.com/watch?v=t06mvwz6ngm
These communications include emails, text messages and even physical cards sent by mail, designed to steal confidential user information, including seed phrases for encryption wallets and passwords to online accounts.
In general, scammers will pretend to be customer service agents for good reputation, claiming that the user’s account faces some type of threat or cybersecurity problem and requires user personal information, including seed phrases.
Good practices to avoid phishing scams include verifying the URLs of small errors and pages of markers instead of using search engines or search bar to access websites each time, verify the website links and avoid downloading attachments or clicking on links from unknown sources.
Phishing scams often contain poorly written words or grammatical errors, and any of these errors is a red flag; Users should read the messages carefully to detect such errors.
Crypto and Web3 users must also use virtual private networks (VPN) to mask their IP addresses and physical locations, never give seeds or seed passwords, and enable the authentication of two factors for online confidential accounts.
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