Cryptocurrency phishing scams resulted in $7.77 million in losses in November, marking a 137% increase from October, according to Scam Sniffer's latest report. Despite a 42% decrease in the number of victims to 6,344, the financial impact of these scams intensified significantly.
The report highlights a notable shift in November, where fewer attacks led to larger individual losses. The most significant single incident involved a $1.22 million loss related to permission signatures. This trend suggests that while the frequency of attacks may have decreased, the sophistication and financial impact of each attack have grown.
Crypto Phishing Losses Surge to $7.77 Million in November
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