Crypto phishing tied to wallet drainers dropped 83% to $83.85M in 2025 as attackers pivot to new vectors

In 2025, wallet drainer phishing attacks across EVM chains caused $83.85 million in losses, an 83% decline from nearly $494 million in 2024, with victim counts also falling sharply. Security researchers note losses still tracked market rallies, highlighted by a $6.5 million Permit-based theft, emerging EIP-7702 signature exploits, and a continuing shift toward smaller, retail-focused scams.