In one of the most striking cases, a single victim lost $12.2 million after mistakenly copying a malicious address from their transaction history. The incident followed a similar address poisoning attack in December that resulted in roughly $50 million in losses.
Alongside address poisoning, signature phishing attacks also surged in January. Scam Sniffer estimates that $6.27 million was stolen from 4,741 victims through malicious signature requests, marking a 207% increase compared to December. Notably, just two wallets were responsible for 65% of all signature phishing-related losses during the month.
Security firms continue to urge users to double-check wallet addresses, avoid copying addresses from transaction histories, and carefully review signature requests before approving them, as these attack methods show no signs of slowing down.
FAQ What is address poisoning in crypto? Scammers send look-alike wallet addresses to trick users into copying the wrong one. How much was lost to these scams in January? Victims lost tens of millions, including a single $12.2 million address poisoning case. Why did signature phishing spike sharply? Attackers exploited user inattention, stealing $6.27 million via malicious signatures. What’s driving the rise in these attacks now? Lower transaction fees made large-scale scam campaigns cheaper and easier to run.
