Crypto Phishing Attacks Drain $500M in 2024 | Airdrop Alert Pro

Phishing attacks by crypto wallet thieves reached alarming heights in 2024, with an estimated $500 million stolen. More than 330,000 addresses were affected, indicating a widespread impact on crypto users.

According to Scam Sniffer, this number represents a significant increase of 67% from 2023, highlighting the increasing sophistication of these malicious schemes.

Ethereum leads crypto phishing losses as attacks evolve

The thefts occurred in different waves. The first quarter (Q1) of 2024 was the most severe, with $187.2 million in losses and 175,000 reported victims. Losses were particularly severe in March, with losses reaching $75.2 million, the highest monthly loss of the year.

Losses totaled $257 million across 90,000 addresses in the second and third quarters (Q2 and Q3). The number of victims and total losses dropped significantly in the fourth quarter (Q4), with $51 million stolen from 30,000 victims. This reduction represents an improvement in User awareness and security measures The end of the year is approaching.

Mass theft remains a serious problem, with 30 Over $1 million per incidenttotaling $171 million. The first half of the year mainly involved small-scale thefts, ranging from $1 million to $8 million per incident.

However, the second half of the year saw larger attacks, with significant losses of $55 million in August and $32 million in September. These two months alone account for more than half of the total number of major events throughout the year.

Ethereum The losses were the most severe, followed by DecideBase, Blast and BNB chain. In terms of target assets, staking and re-staking tokens were the most affected, followed by stablecoins, ghost Collateral and Pendle income assets.

at the same time, The landscape of a wallet drainer Continuous development throughout the year. In the first half of 2024, three major players—Angel, Pink, and Inferno—dominated.

Angel holds 41% of the market control, while Pink and Inferno hold 28% and 22% respectively. In May, Pink exited the market, leaving Angel and Inferno vying for dominance. By the fourth quarter, Angel acquires Infernomarking further consolidation in the field. At the same time, the emergence of new entrants increases the complexity of the ecosystem.

Dramatic increase in phishing attacks and wallet drainers in 2024 highlights the importance of employing robust measures Safety Practice and educate users to reduce risk in the ever-changing cryptocurrency environment.