Over $9m lost in November phishing scams affecting 9.2k victims, data shows

Phishing scams in November affected more than 9,200 victims, resulting in a staggering loss of $9.38 million, with one person losing $661,000 in stETH in minutes.

Phishing scams in November cost crypto users $9.38 million, with more than 9,200 victims affected, according to ScamSniffer’s latest calculations.

🧵 [1/7] 🚨 ScamSniffer November Phishing Report

$9,380,000 STOLEN
9,208 VICTIMS

November saw one victim lose $661k in stETH within minutes – and that’s just the tip of the iceberg.

Let’s dive into the dark side of Web3… 🧵 pic.twitter.com/HDyBGh5tPj

— Fraud Detector | Web3 Anti-Scam Protection (@realScamSniffer) December 3, 2024

In an He said it was caused by .

The report highlights several notable events: a $409,000 loss in WBTC on the Arbitrum network, a $344,000 loss in FET on Ethereum’s Uniswap platform, and a $220,000 loss in USDT on Ethereum via direct transfer. Analysts attribute much of the damage to malicious signature requests, saying such attacks remain the “most lethal weapon.”

Analysts warn that although the total amount stolen is down 53% from $20.2 million in October and $45.8 million in September, the number of victims is still disturbingly high. The firm noted that the phishing threat continues to evolve, with the rise of the Angel Drainer attack method following the emergence of the infamous Inferno Drainer scam.

Blockchain security firm CertiK estimates that losses from phishing attacks rose to $343.1 million across 65 incidents in the third quarter. Analysts called phishing the most damaging attack vector of the quarter. At the time, Scam Sniffer noted that fake X accounts were the primary reason victims entered phishing websites, with suspicious Google ads being the second most common hook.