Crypto Users Lose Far Less To Phishing As Losses Drop 83% – Details

Crypto phishing losses plunged in 2025, but experts warn the threat has only changed shape rather than disappeared. Reports show a sharp fall in money stolen by wallet-draining scams, even as attackers tested new tricks tied to recent protocol changes. Related Reading: Bitcoin Dominance Grows As Altcoins Post Another Losing Year: Analyst Scam Sniffer Data Shows Drop According to Scam Sniffer’s 2025 analysis, wallet drainer phishing losses fell to about $83.85 million — an 83% decline from roughly $494 million in 2024. The number of affected wallets dropped to around 106,000, a fall of about 68% year-on-year. These figures come from the security platform’s annual study and were picked up by major crypto outlets. Attackers Shift, Not Stop Only 11 incidents topped $1 mi...