In 2025, losses from cryptocurrency phishing attacks plummeted by 83% to $83.85 million, with the number of victims decreasing by 68%

The annual report for 2025 published by Scam Sniffer shows that losses from cryptocurrency phishing attacks have significantly decreased, dropping 83% from $494 million in 2024 to $83.85 million, with the number of victims also declining by 68% to 106,106.

In terms of types, Permit signatures remain the most common type; malicious signatures of EIP-7702 emerged after the Pectra system upgrade, with two major incidents occurring in August. Phishing losses are closely related to market activity, with the probability of occurrence positively correlated with user activity. The Ethereum price saw the strongest increase in the third quarter, while phishing losses were also the highest ($31 million). When the market is active, overall user activity increases, leading to a higher proportion of affected users.