Global Crypto Phishing Losses Plummet 80% to $83.85 Million
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
- Significant Loss Reduction: According to Scam Sniffer, global losses from wallet drainer phishing attacks fell to $83.85 million in 2025, representing an 83% decrease from nearly half a billion dollars in 2024, indicating the impact of market volatility on phishing activities.
- Decline in Victim Count: The number of victims dropped from over 330,000 in 2024 to 106,106 in 2025, a reduction of 68%, suggesting that increased user awareness may help mitigate future risks associated with phishing scams.
- Market Cycle Influence: During the market downturn, losses in Q1 2025 reached $21.94 million affecting over 22,000 victims, while in the recovering Q2, losses decreased to $17.78 million, demonstrating the direct correlation between market sentiment and phishing activity.
- Evolution of Phishing Techniques: The largest single phishing theft last year resulted in a loss of $6.5 million, with attackers employing Permit-style signatures, highlighting the complexity and evolution of phishing methods, necessitating enhanced security measures from businesses to counter new threats.
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.
