Crypto Phishing Scams Rise 72% In August To Steal Over $12 Million

Phishing scams targeting cryptocurrency investors intensified in August 2025, draining more than $12 million from over 15,000 wallets across the sector. Blockchain security firm Scam Sniffer reported that these losses represent a sharp month-over-month rise, climbing 72% compared with July. Notably, the number of victims also grew, increasing 67% over the same period. Ethereum EIP 7702 Fuels Increase in Crypto Phishing Attacks According to the firm, about 46% of phishing losses came from three high-value accounts, often referred to as whales source: https://beincrypto.com/crypto-phishing-scams-rise-in-august-2025/