Crypto Phishing Losses Plunge 83% in 2025, But ‘Whale Hunting’ Attacks Rise

Reported losses from cryptocurrency phishing attacks plummeted 83% in 2025, falling to roughly $84 million from nearly $494 million the previous year. According to a new annual report by Web3 security firm Scam Sniffer, incidents of “signature phishing” appear to be declining. However, the firm warned that this visible drop masks a darker underlying reality of more sophisticated actors. Data Shows Phishing Losses Tracking Crypto Market Cycles The annual report reveals a strong correlation between fraud and market volatility source: https://beincrypto.com/crypto-phishing-losses-plunge-whale-hunting-surges/