A cybersecurity research organization released an annual anti-fraud report showing an encouraging trend: this year's losses from crypto phishing have hit a new low. Specifically, the total loss amount was halved from $494 million to $83.85 million, an 83% decrease, and the number of victims also shrank from a record high to 106,000, down 68% year-over-year.
But don't relax completely. There are still concerns behind this good news. Data indicates that the risk has not disappeared, but is merely fluctuating with market conditions. During the rebound in the third quarter, phishing losses briefly peaked. More alarmingly, after recent upgrades, attackers have shifted their focus to emerging technologies like EIP-7702 and are exploring entirely new attack vectors. This means that security defenses need continuous upgrades, and users must remain vigilant without any slack.
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TopBuyerBottomSeller
· 22h ago
83% decline sounds satisfying, but we still need to watch out for these hackers constantly innovating, EIP-7702 is also targeted...
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A new low in phishing losses is a good thing, but I'm more concerned about their next move. The technical upgrades are happening too fast.
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The data looks good, but as soon as the market rebounds, these people become active again, making it hard to defend against.
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Losing 68% less is indeed good, but I'm worried that a new vulnerability will come out and we'll get hit again.
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Should we stay vigilant? That's right, but most people are probably numb by now haha.
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83% decline 😏 Hackers are just biding their time, waiting for new technology to come out and cause trouble again.
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Good news? It feels more like the calm before the storm... What does their shift to EIP-7702 mean?
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Only $83.85 million in losses, not much compared to the craziness in the crypto world, but the lesson learned by 106,000 people is profound.
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It turns out phishing was just taking a breather; it hasn't disappeared. We must stay alert at all times.
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Such a huge decline, could it be that the attackers are planning an even bigger scheme?
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TrustlessMaximalist
· 22h ago
Phishing losses drop by 83%, sounds great, but attackers have shifted to EIP-7702... This is what you call the cat and mouse game.
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The only thing decreasing is the amount lost; the methods of risk are increasing, and that's what we should really be cautious about.
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Wait a minute, this data is probably a side effect of the market downturn. Don't celebrate too early.
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With the release of EIP-7702, it feels like an arms race is about to begin again... Defense will never keep up with offense.
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Basically, scammers are just changing their tricks, and we need to upgrade our security defenses accordingly—an endless cycle.
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Losing less is a good thing, but don't let this superficial number lull your mind.
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Vigilance must not be relaxed; this is true... Phishing scammers are always coming up with new tricks.
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TokenDustCollector
· 22h ago
An 83% drop sounds satisfying, but when the market is really bad, scammers have no energy. When the market recovers, they'll come back to life again.
We must keep a close eye on this new trend with EIP-7702. These guys always seem to be one step ahead of security updates.
The data looks good, but we need to be mentally prepared.
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ArbitrageBot
· 22h ago
Numbers are dropping, but don't be fooled. These hackers are just switching tools. EIP-7702 is also planning to introduce new tricks.
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ReverseTrendSister
· 22h ago
83% decline looks good, but the attackers haven't been idle. Now they've set their sights on EIP-7702... These guys really never stop competing.
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RumbleValidator
· 22h ago
An 83% drop looks comfortable, but the new attack vector on EIP-7702 is the real threat to watch out for. The risk hasn't disappeared; it's just taken a different approach, and that's the current situation.
A cybersecurity research organization released an annual anti-fraud report showing an encouraging trend: this year's losses from crypto phishing have hit a new low. Specifically, the total loss amount was halved from $494 million to $83.85 million, an 83% decrease, and the number of victims also shrank from a record high to 106,000, down 68% year-over-year.
But don't relax completely. There are still concerns behind this good news. Data indicates that the risk has not disappeared, but is merely fluctuating with market conditions. During the rebound in the third quarter, phishing losses briefly peaked. More alarmingly, after recent upgrades, attackers have shifted their focus to emerging technologies like EIP-7702 and are exploring entirely new attack vectors. This means that security defenses need continuous upgrades, and users must remain vigilant without any slack.