Address Poisoning and Phishing Incidents Drain $62M From Crypto Wallet Users

In January, one crypto user lost $12.25 million after copying an incorrect wallet address, and another user lost $50 million in a similar incident in December. Signature phishing attacks in January stole $6.27 million from 4,741 victims, a 207% rise from the previous month, while a separate address poisoning case in November led to a loss of about $3.08 million in PYTH tokens. Non-custodial wallet Safe has warned of a coordinated campaign using thousands of lookalike multisig addresses, and says it has flagged around 5,000 malicious addresses in its interface.