ETH - Crypto Community Lost Staggering $104M In Bitcoin Dogecoin Shiba Inu Phishing Scams In 2024: Ethereum Users Hit The Hardest | Benzinga
In the first two months of 2024, the cryptocurrency community has been hit with a staggering $104 million in losses due to phishing incidents. The majority of the victims were Ethereum (CRYPTO: ETH) users, who accounted for $78 million of the losses.
What Happened: The security firm Scam Sniffer revealed that approximately 97,000 users were affected by phishing incidents in the first two months of 2024, resulting in a $104 million loss. This figure includes $57.7 million lost in January and $46.8 million in February, reported The Block on Monday.
Phishing incidents involve users being deceived into revealing their private keys or other sensitive information, which cybercriminals then use to access and drain their cryptocurrency wallets. Ethereum users were particularly targeted, with the majority of the losses involving ether and ERC20 tokens.
"Most victims were lured to phishing websites through phishing comments from impersonated Twitter accounts," Scam Sniffer noted.
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