Cryptocurrency phishing scams caused losses of $10.25 million in January, mostly to Ethereum network users

Odaily Planet Daily News Blockchain security company Scam Sniffer reported that cryptocurrency phishing scams stole $10.25 million from 9,220 victims in January, a 56% drop from the $23.58 million loss in December. However, the report pointed out that criminals are constantly evolving and adopting more sophisticated attack methods. According to Scam Sniffer data, Ethereum network users are the most affected by phishing scams, accounting for more than 80% of the stolen funds. Losses on Ethereum exceeded $8.6 million, while BNB Chain and Arbitrum users lost $710,000 and $572,000, respectively. Polygon and Optimism also lost approximately $191,000 and $82,000, respectively. (Cryptoslate)