September 14, 2025
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$ 12 million stolen in August 2025: 5 tips on Phishing Protection

August, which is worth forgetting. It was not a calm summer for cryptocurrency: July was marked by breakage, and August – a return of phishing. This hacking technique involves issuing yourself for a service or person to deceive the victim and extract confidential information, such as a closed key to her wallet or credentials to enter the exchange. Scam Snifffer, a specialized company […]”, – WRITE: Businessua.com.ua

$ 12 million stolen in August 2025: 5 Phishing Protection Tips - Infbusiness

August, which is worth forgetting. It was not a calm summer for cryptocurrency: July was marked by breakage, and August – a return of phishing. This hacking technique involves issuing yourself for a service or person to deceive the victim and extract confidential information, such as a closed key to her wallet or credentials to enter the exchange. SCAM Sniffer, a company that specializes in the fight against online lambraism has published a report for August, and numbers are concerned. Here are some explanations.

Key Moments of this article:

  • In August, there was an alarming increase in the number of phishing attacks on cryptocurrency, the losses of which exceeded $ 12 million.
  • Fraudsters used sophisticated methods such as creating fake websites and EIP-7702 scams to steal confidential information and users.

Phishing is a hacker technique that involves issuing yourself for a particular person or service. According to data published Scam Sniffer loss from phishing in August reached above $ 12 million that is 72% more than in July. The number of victims also increased by 67%, from 9100 to 15230. Some of them lost significant amounts, such as this user, who had more than $ 3 million in one transaction.

Fraudsters use a variety of methods to deceive their victims. They can create fake websites that look exactly like websites of known platforms such as Binance or Coinbase, and deceive users to enter their personal information. They can also send fraudulent messages by e -mail, text messages or social networks, issuing themselves for the customer support service of a particular service or a well -known influenter.

$ 12 million stolen in August 2025: 5 Phishing Protection Tips - Infbusiness

Hackers make themselves for a service or person to deceive their victim Another more and more popular technique is EIP-7702 fraud . It is an attack that uses the function introduced under the proposal to improve Ethereum (EIP) that allows external accounts to sign out -of -the -end transactions.

The hackers then send the victim a sign for the signature, forcing it to believe that it is a legal transaction, although it is actually a permission to transfer funds to a hacker account.

Faced with these threats, it is important to remain vigilant and the best practices to avoid phishing fraud. Here are some tips to protect your digital assets:

  • Always check the URL the website or application you use. Hackers often use addresses similar to the addresses of legitimate platforms, with minor differences such as a missing letter or a special symbol.
  • Do not click on the link or attachment from unknown or suspicious sources. Emails, text messages or social networks may contain harmful links that redirect you to phishing sites.
  • Never enter your password Whether the key is on the website or in the app you do not know or seem suspicious. This information is confidential and should only be entered on proven platforms.
  • Use a hardware purse To store cryptocurrencies. This type of wallet offers additional phishing protection because it requires physical confirmation for transactions verification.
  • Two -turning authentication (2fa) in their online accounts. This security measure adds protection level by requiring you to enter the code sent to your phone or generated by a special app.

By following these recommendations, you will significantly reduce the risk of becoming a victim of phishing fraud and losing your valuable cryptocurrencies.

Source: Journalducoin.com

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