Odaily Planet Daily News: A report from the Web3 security platform Scam Sniffer shows that crypto phishing attacks related to wallet drainers dropped significantly in 2025, with total losses falling to $83.85 million, a 83% decrease from nearly $494 million in 2024. Although the losses have dropped sharply, the report warns that phishing activities have not disappeared. Instead, attackers have shifted to a low-amount, high-frequency strategy. Losses are closely tied to market cycles, increasing during periods of high on-chain activity and decreasing when the market cools down. The third quarter of 2025 coincided with the strongest annual rise in Ethereum (ETH), during which phishing losses reached $31 million, accounting for nearly 29% of the total annual losses.
The report states, "When the market is active, overall user activity increases, and the proportion of affected users also rises—the probability of phishing attacks is positively correlated with user activity." Monthly loss amounts range from $2.04 million in December, the calmest period for the market, to $12.17 million in August, the most active month. (Cointelegraph)