tl;dr
In February, crypto sleuth Scam Sniffer reported that $47 million in assets were stolen through phishing scams, with a massive $6 million loss on February 6 alone. The report revealed that Ethereum mainnet accounted for 78% of the total thefts, while ERC-20 tokens comprised 86% of the total assets s...
In February, crypto sleuth Scam Sniffer reported that $47 million in assets were stolen through phishing scams, with a massive $6 million loss on February 6 alone. The report revealed that Ethereum mainnet accounted for 78% of the total thefts, while ERC-20 tokens comprised 86% of the total assets stolen. Additionally, the report highlighted that most victims were lured to phishing websites through phishing comments from impersonated Twitter accounts, and the total number of victims who lost more than $1 million decreased by 75% compared to the previous month. Amidst increasing phishing scams, Ripple CTO David Schwartz boasted about being immune to phishing, following Ripple co-founder Chris Larsen's revelation of losing 213 million XRP, worth more than $110 million, through unauthorized access.
According to Scam Sniffer’s February Phishing Report, the month saw a loss of about $47 million through phishing, with fake accounts on X emerging as the major cause of the phishing attack. A massive theft of more than $6 million occurred on February 15, with the second-highest theft marked on February 28, resulting in a loss of about $3 million. All 29 days of the month witnessed crypto thefts and scams, and most victims were lured to phishing websites through comments from impersonated Twitter accounts. Ethereum mainnet accounted for 78% of the thefts and ERC-20 tokens comprised 86% of the total assets stolen. However, the report noted that the total number of victims who lost more than $1 million was significantly lower compared to the previous month, decreasing by 75% in February. Additionally, in related news, business intelligence firm MicroStrategy’s X account was hacked, posting malicious links to a fake airdrop, resulting in a user losing over $420,000 to the scam just minutes after the malicious link appeared on MicroStrategy’s X page.
Amidst increasing phishing scams, Ripple CTO David Schwartz boasted about being immune to phishing, adding that he is “too smart to fall for this kind of thing.” Schwartz’s message came following Ripple co-founder Chris Larsen’s revelation that he lost 213 million XRP, worth more than $110 million, through unauthorized access.
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