Anonymous

DeFi

Million

Planet

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 In the first half of 2024, cryptocurrency phishing scams saw a marked uptick in profitability.
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<a href="https://twitter.com/realScamSniffer/status/1809089851859611908?t=X5lJZwbZOh1SAcVPIfwBAA&amp;s=19" rel="noopener noreferrer nofollow">According to blockchain research firm Scam Sniffer</a>, these malicious actors successfully stole over $314 million worth of cryptocurrency, a 6.44% increase compared to the previous year.
Notably, $58 million of this total came from just 20 high-value targets, with one victim suffering an $11 million loss – the second-largest individual crypto theft on record.
Scam Sniffer noted that its analysis revealed that these criminals exploited specific wallet signature functions, such as “Permit,” “IncreaseAllowance,” and “Uniswap Permit2,”&nbsp; to gain unauthorized control over victims’ assets. Their tactics also included using impersonated social media accounts to lure targets to phishing websites, where seemingly legitimate transactions would grant scammers access to non-custodial wallets.
Meanwhile, earlier in June 2024, Yu Xian, founder of blockchain security firm SlowMist, <a style="color: #0000ff;" href="https://defi-planet.com/2024/06/slowmist-founder-warns-of-increased-phishing-threats-in-ton-ecosystem-due-to-telegram-integration/" rel="noopener noreferrer nofollow">issued a warning</a> about the surging number of phishing attempts targeting the TON ecosystem. &nbsp;He drew attention to the escalating threat faced by users’ assets in TON wallets, particularly NFTs and the critically vulnerable Anonymous Telegram Numbers feature.
He explained that these phishing attacks primarily focus on anonymous Telegram Numbers, which users employ to create accounts not tied to traditional SIM cards. These anonymous numbers are also used to change the phone numbers associated with existing accounts, making them highly susceptible to exploitation by scammers.
Adding to these concerns, <a style="color: #0000ff;" href="https://defi-planet.com/2024/06/bitget-warns-of-rising-deepfake-scams-in-crypto-predicts-losses-to-reach-25-billion-by-end-of-2024/" rel="noopener noreferrer nofollow">a recent report by Bitget reveal</a>ed that deepfake-related crypto fraud has already inflicted staggering losses exceeding $79.1 billion since 2022, with a 245% surge in 2024 alone. Bitget projects that by 2025, quarterly losses from deepfake scams could approach $10 billion despite the concerted efforts to combat this issue. The exchange emphasized the urgent need for long-term planning and preparedness to combat this evolving threat.
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The post <a href="https://defi-planet.com/2024/07/crypto-phishing-scams-reach-new-heights-314-million-stolen-in-first-half-of-2024-new-reports-reveals/" rel="noopener noreferrer nofollow">Crypto Phishing Scams Reach New Heights: $314 Million Stolen in First Half of 2024, New Reports Reveals</a> appeared first on <a href="https://defi-planet.com" rel="noopener noreferrer nofollow">DeFi Planet</a>.

Crypto Phishing Scams Reach New Heights: $314 Million Stolen in First Half of 2024, New Reports Reveals

DeFi Planet

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