SlowMist: Phishing attacks remain the leading cause of Q4 fund thefts, with 300 reported cases and $1 million recovered.

[SlowMist: Phishing Attacks Remain the Leading Cause of Fund Theft in Q4, with 300 Cases Reported and $1 Million Recovered] According to Mars Finance, SlowMist released its Q4 2025 MistTrack stolen funds analysis. In Q4 2025, it received 300 reports of stolen funds (excluding cases reported through other channels), with approximately $1 million successfully frozen or recovered in 9 cases. The top three causes of theft were: phishing attacks, fraud, and private key leaks. Phishing remains the leading cause of losses. From fake domains to automated hijacking redirects, phishing is no longer limited to "clicking the wrong link." One victim mistakenly sent 50 million USDT to a fake, similar address—the first three and last four characters were identical.