Crypto Phishing Losses Plunge 83% Yet Wallet Drainers Remain Active
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 03 2026- Significant Loss Decline: According to Scam Sniffer, crypto phishing losses fell to $83.85 million in 2025, representing an 83% year-over-year decline, marking a steep drop from nearly $494 million previously, easing pressure across major EVM networks.
- Victim Count Reduction: The number of affected wallets dropped to 106,000, reflecting a 68% reduction; however, phishing attacks did not disappear, closely tracking market activity levels.
- Shift in Attack Strategies: While large-scale thefts decreased, smaller, frequent attacks increased, with only 11 incidents exceeding $1 million during the year, and the average loss per victim dropping to $790, indicating a shift towards broader retail targeting.
- Ongoing Risk Warnings: Despite the overall decline in losses, significant incidents occurred, including a $50 million address poisoning scam and a $27.3 million private key leak, prompting Scam Sniffer to warn about the evolving nature of wallet drainer ecosystems.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
