Analysis Crypto by Thebittimes.Com

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Wallet drain ers have stolen $295 million in cryptocurrencies from about 324,000 victims in 2023, Scam Sniffer reports. According to Scam Sniffer’s latest research report, the scale of wallet drain er-reported incidents continue to underscore the severity of the issue, with nearly $7 million pilfered on Mar. 11 alone. Factors such as the USDC depeg and phishing websites impersonating Circle contributed to this spike, emphasizing the dynamic nature of the attacks, the analysts added. “Over the past year, phishing activities have steadily increased each month with phishing scammers employing more sophisticated tactics to evade security measures.” Scam Sniffer The overall trend reveals an alarming escalation in the scale and sophistication of phishing attacks. As noted by Scam Sniffer, phishing activities exhibit continuous growth, marked by the rapid replacement of one Drainer with another as Angel, for instance, appears to be the successor to Inferno Drainer, a m...