Phishing scams stole around $300 million worth of cryptocurrencies from 320,000 investors in 2023, according to the yearly report from web3 security firm Scam Sniffer.
Phishing scams are one of the most common means of attack against the emerging industry and have resulted in the loss of millions of funds. In one incident, these scammers stole $24.23 million of liquid-staked Ethereum, including 4,851 rETH (worth $8.58 million) and 9,579 stETH ($15.63 million).
Wallet drainers reign supreme
According to the report, malicious actors leveraged wallet drainers to orchestrate these phishing attacks.
Wallet drainers are usually embedded within phishing websites, deceiving unsuspecting individuals into authorizing malicious transactions that would enable the theft of their digital assets from their cryptocurrency wallets.
ScamSniffer’s exhaustive analysis identified six prominent wallet drainer service providers, including Inferno, MS, Angel, Monkey Drainer, Venom Drainer, Pink Drainer,
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