Here’s How Much Crypto Scammers Drained From Victims in January Alone

According to Scam Sniffer, scammers stole $55 million worth of cryptocurrency in January alone and set up more than 11,000 phishing websites.

Notably, most of these thefts occurred on the Ethereum mainnet, with Arbitrum, BNB, Optimism, and Polygon closely behind.

Crypto Phishing Attacks Surged in January

In a recent Feb. 9 thread on X, Scam Sniffer highlighted a concerning trend observed in January, noting a surge in phishing attacks coinciding with heightened activity within crypto communities following a series of airdrops in the previous month.