The majority of the stolen funds is accounted for a major phishing incident that cost an unfortunate user $55 million.
Cryptocurrency phishing attacks surged by over 215% in August, driven in part by a significant single attack resulting in losses exceeding $55 million.
Crypto phishing attacks involve hackers sharing fraudulent links with victims to steal sensitive information, such as crypto wallet private keys.
Crypto phishing attacks cost the industry over $66 million in August, according to a Sept. 3 X post by Scam Sniffer:
