Scam Sniffer's 2025 annual report shows that losses from cryptocurrency phishing attacks in 2024 decreased by 83%, from $494 million to $83.85 million.
The number of victims also decreased sharply, reflecting the volatility of losses closely tied to the level of market activity and user engagement, according to data aggregated in the report.
- Phishing losses decreased to $83.85 million, a 83% reduction compared to 2024.
- The number of victims decreased by 68% to 106,106.
- The most common permit; the malicious EIP-7702 appeared after the Pectra upgrade.
Damage and number of phishing victims in 2024
Scam Sniffer reports that cryptocurrency phishing losses decreased from $494 million (2024) to $83.85 million, a reduction of 83%; the number of victims decreased by 68% to 106,106.
The report highlights the link between phishing damage and market activity: the probability of occurrence is positively correlated with the level of user activity. When the market is active, total user activity increases, and the proportion of victims in the community also increases.
Popular signature patterns and market cycle hotspots
In terms of method, permit signatures remain the most common form; the malicious signature EIP-7702 appeared after the Pectra system upgrade, with two major incidents in August.
The report also noted that the third quarter was Ethereum's strongest price surge, while simultaneously recording the highest phishing losses, reaching $31 million. This data reinforces the view that as the market heats up, user engagement increases, and phishing risks tend to rise.
