Crypto Phishing Losses Fall 83% to $83.85M in 2025, Report Finds

Crypto Phishing Losses Fall 83% to $83.85M in 2025, Report Finds

Scam Sniffer’s 2025 analysis highlights a sharp decline in crypto phishing losses, though a surge in Q3 amid Ethereum's rally underscores ongoing risks linked to market activity.

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Fact Check
The assessment is based on strong, consistent evidence from multiple relevant sources. The statement claims that 'A report found' a specific statistic, and the provided sources confirm the existence and content of such a report. One source is identified as the primary report from Scam Sniffer, an anti-scam organization, and its summary directly matches the claim's figures (83% drop to ~$84 million). This is the most compelling piece of evidence.This primary finding is consistently corroborated by numerous secondary sources, including crypto news outlets like Cryptopolitan and Coingabbar, as well as news flashes on crypto exchanges like Phemex and Kucoin. These sources all repeat the exact figures (83% drop to $83.85 million) and attribute them to the Scam Sniffer report.While several highly authoritative sources from the traditional finance sector (Schwab, J.P. Morgan, Vanguard, NCUA) are included, they are irrelevant to the specific topic of cryptocurrency phishing losses and therefore do not contribute to the assessment. A single source (ForkLog) presents a minor conflict by attributing the report to a different firm, 'SlowMist'. However, this is contradicted by the primary source itself and at least three other secondary sources that all name 'Scam Sniffer'. It is highly probable that this is a reporting error by that single outlet and does not meaningfully challenge the overwhelming consensus.In conclusion, the evidence strongly supports that a report from Scam Sniffer was published with the findings described in the statement.
Summary

Scam Sniffer reported a significant 83% decrease in crypto phishing losses, which fell to $83.85 million in 2025 from $494 million in 2024. The number of victims dropped 68%, to 106,106. However, phishing losses surged to $31 million in Q3 amid Ethereum's rally. Despite overall reductions, permit-based phishing and EIP-7702-related exploits remained prominent threats.

Terms & Concepts
  • Permit signature: A type of blockchain authorization allowing token transfers without a traditional transaction, often exploited in phishing attacks.
  • EIP-7702: An Ethereum Improvement Proposal introducing account abstraction changes, which in this case were targeted by phishing-related exploits.
  • Pectra upgrade: An Ethereum network upgrade implementing multiple protocol changes, associated with certain post-upgrade phishing exploits.