Scam Sniffer Reports Crypto Phishing Losses Plunge 83% To $83.85 Million In 2025

In 2025, crypto wallet-draining phishing scams caused about $83.85 million in losses, an 83% drop from roughly $494 million in 2024, according to Scam Sniffer's annual analysis. The number of impacted wallets fell to around 106,000 and average losses slid to about $790 per victim, even as attackers shifted toward smaller, more frequent thefts and exploited new vectors like Permit signatures and EIP-7702. Security experts say the decline likely reflects better wallet defenses and user tools, but warn that phishing tactics continue to evolve alongside market cycles.