🚨 Crypto Security Alert – August 2025



Phishing attacks against cryptocurrency investors surged sharply last month:

💸 $12M stolen from 15,000+ wallets — a 72% jump in losses vs. July.

🐋 Whales hit hardest: 46% of funds drained from just 3 accounts, including $3.08M from a single address.

⚠️ Main culprit: Ethereum’s EIP-7702 standard, which scammers exploit to push users into malicious contracts.

🔍 Key risks with EIP-7702:

Batch transaction abuse

Hidden unlimited permissions

Fraudulent wallet recovery tricks

Malicious contract delegations (80%+ flagged as scams)

👥 Experts warn: low awareness + organized groups = rising danger across the entire EVM ecosystem.

✅ Stay safe:

Double-check domains

Never grant unlimited approvals

Decline suspicious signatures & contract updates

Be wary of EIP-7702 prompts

👉 Losses from phishing in 2024 already topped $500M — the trend is only accelerating. Stay alert, protect your keys.

#Crypto # Ethereum #EIP7702 # Security #Phishing
IN-3.52%
ETH-0.96%
BATCH21.67%
SAFE-0.28%
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