From Discord Drops To Malware Drains, $295M Stolen In 145K Scams Throughout 2023

2023 saw a dramatic rise in cryptocurrency phishing scams.
A staggering $295 million was stolen from roughly 324,000 victims, according to a report by Scam Sniffer.

Wallet drainers, malicious software on phishing sites, have been particularly effective, tricking users into signing malicious transactions and draining assets from their cryptocurrency wallets. These attacks have become increasingly varied and sophisticated, causing significant financial damage to many.

A notable spike in theft occurred on March 11, with almost $7 million stolen due to USDC rate fluctuations and phishing sites impersonating Circle.

Another significant wave of theft was observed around March 24, coinciding…

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