Losses from crypto phishing attacks decreased by nearly 50% in February

Cryptographic phishing losses fell almost half in February, but an approval scam alone cost $ 600,000 victim, according to data.

Crypto losses phishing Attacks dropped 48% in February to 5.32 million dollars, marking the third consecutive monthly drop of $ 10.25 million in January and $ 23.58 million in December, according to Scamsniffer.

In a thread x On March 5, analysts revealed that a total of 7,442 victims lost their cryptography funds due to phishing attacks in February, against 9,220 in January. The greatest losses come from targeted scams.

For example, the poisoning of the address, a type of attack where crooks handle transaction history to encourage users to send funds to fraudulent addresses, led to a loss of $ 771,000 in Ethereum (Ethn). A license scam cost another victim $ 611,000. Phishing approvals not revoked on the BNB channel led to $ 610,000, while an “increase in approval” attack, which encourages users to increase token expenditure limits for malware, has attracted $ 326,000.

Scamsniffer analysts highlighted a case where a victim lost only $ 607,000 due to phishing approval signed more than a year ago. Analysts have urged users to revoke old approvals while gas costs on Ethereum are low.

The drop in losses could potentially point out better awareness of security or less successful attacks, explain analysts, although high -value scams are still occurring.

Like crypto.News reported Earlier, February experienced $ 1.53 billion in cryptographic losses, an increase of 18x compared to a year ago, widely driven by bordeau piracy of $ 1.46 billion. In a research report, the Immunefi blockchain security company explained that most of the February losses came from two incidents: Crypto Exchange Bybit, which lost $ 1.46 billion, and Stablecoin Bank Infini, which has undergone $ 49.5 million.

The remaining losses were spread over seven smaller attacks, with Zklend and ion money losing $ 9.5 million and $ 8.6 million respectively.