Crypto Phishing Losses Jump 67% in 2024

[madmax]

Drainer-as-a-service kits have fueled nearly $500 million in crypto thefts last year — a 67% increase from 2023.

These kits let fraudsters run massive campaigns easily, taking a cut of stolen funds while automating the entire process. Analysts say the rapid growth shows how organized and scalable crypto phishing has become.

[alex10]

That’s alarming — users still underestimate social engineering threats. ️

[Abdul Khan]

Awareness needs to scale as fast as adoption does. 🪪