Phishing scams, disguised attacks on legitimate communication or websites designed to steal sensitive funds and information, cost Crypto users more than $ 12 million in August, up 72% from July, Web3 Anti-SCAM SNAM SNIFFER reported on Saturday.
Crypto-phishing scams had an impact on 15,230 victims in August, an increase of 67% compared to July, the largest loss costing a user more than $ 3 million, according to Scam Sniffer.
The scam’s sniff team also noted a “net climbing” in the EIP-7702 signature scams. The EIP-7702 is a proposal for an Ethereum improvement which allows the accounts held externally to act as intelligent contract portfolios which can execute transactions and offset funds.
The crooks and pirates operating this functionality drained more than $ 5.6 million in August thanks to three distinct attacks, said Scam Sniffer.
Sociations and cybersecurity exploits continue to be a crypto problem, with more than $ 163 million stolen in August thanks to a malicious activity. The persistent threat is a reminder for crypto users to remain vigilant and to practice good anti-phishing and anti-scam measures.
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Good practices to stay safe against phishing scams
The losses of hacks and cryptographic scams crossed $ 3.1 billion in the first half of 2025 in the midst of the increasingly sophisticated attack methods.
Scammers often target users by pretending to be legitimate and well-known cryptocurrency exchanges, the configuration of false websites with URL addresses similar to legitimate exchanges or the sending of false communications to users.
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These communications include emails, text messages and even physical letters sent by mail, designed to steal sensitive user information, including seed sentences for cryptographic wallets and passwords to online accounts.
As a general rule, the crooks will pretend to be customer service agents of renowned exchanges, claiming that the user’s account is confronted with a sort of threat or problem of cybersecurity and requests personal information from the user, including seed sentences.
Good practices to avoid phishing scams include the verification of URLs for tiny errors and signs pages instead of using search engines or the search bar to access websites each time, checking the website links and avoiding downloading attachments or click on links from unknown sources.
Phishing scams often contain badly spelled words or grammatical errors, and one of these errors is a red flag; Users should read messages carefully to detect these errors.
Crypto and web3 users should also use virtual private networks (VPN) to hide their IP addresses and physical locations, never give sentences or seed passwords and activate two -factor authentication for sensitive online accounts.
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