Scam Sniffer Report: $71 Million Stolen Due To Phishing In March


Crypto phishing scams hit $71M in March, marking a 50% increase in stolen funds from February.

The first quarter of 2024 has seen a total of $173M lost to phishing scams.

By Chain

BNB and Base chain phishing activities saw an uptick, with Base chain stolen funds surging by 300% compared to February.

By Asset

90% of the stolen assets are ERC20 tokens. The majority of thefts are due to phishing signatures like Permit, IncreaseAllowance, and Uniswap Permit2, leading to asset loss.

A significant amount of stolen assets are Pendle Yield tokens. Losing Pendle Yield tokens means losing your assets.

Fake Accounts

Fake Twitter accounts posting deceptive comments remain a primary tactic for scammers. Every day brings popular projects for them to mimic. In the past two weeks, ScamSniffer detected up to 1,517 fake accounts.

And some good news. $4.2M worth of stolen $ALI has been quickly refrozen after @zachxbt’s intervention.

Dune Report:

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