A blockchain research company called Scam Sniffer says that in the first half of 2024, hacking scammers tried to trick about 260,000 people and made an amazing $314 million across EVM chains. The amount has increased by 6.44% since the same time in 2023.
In an in-depth X thread, Scam Sniffer said that 20 victims had crypto worth about $58 million taken. Someone lost $11 million, making them the second-biggest crypto theft target ever. Scammers use phishing signs like Uniswap Permit2, IncreaseAllowance, and Permit to access the victim’s assets without an extra permit.
Crypto Scammers’ Tactics and Deepfake Threats In The Industry
People often fall for scams when comments on X come from fake accounts. When they get to the scam site, they are tricked into sending money from their non-custodial wallets in ways that look like they should be safe. Hackers can access their money this way without their knowledge.
SlowMist, the owner of Scam Sniffer, said in July that it had frozen $20.66 million in stolen funds across 13 sites in the second quarter. The study named fraud, private key leakage, and phishing as some of the biggest problems in the business.
At the same time, there is a new danger in the crypto world. Bitget’s most recent study says that deepfake-related cryptocurrency fraud has cost more than $79.1 billion since 2022, with a huge 245% increase just in 2024.
People worldwide are trying to solve this problem, but Bitget says deepfake use could cost “around $10 billion a year by 2025.” The exchange also believes that by the end of 2024, these crimes will have cost $25.13 billion.
Crypto users must be more careful and take more safety steps because scams like these are improving. The business world and users need to be aware of new threats to keep their capital safe as the industry changes.
