Overview
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: https://dune.com/scam-sniffer/march-2024-scam-sniffer-phishing-report