In April, the crypto industry saw phishing attacks plummet by 46% to a yearly low of $38 million, according to security firm Scam Sniffer. This decrease is part of a broader trend that witnessed crypto-related scams dropping to a historic low of $25.7 million. A notable aspect of this decline is the surge of phishing incidents on the Coinbase-backed Ethereum layer-2 network Base, which experienced a 145% increase to $8.2 million. The majority of stolen assets were ERC-20 tokens, comprising 88% of the total. Scammers primarily used fake social media accounts to lure victims, employing deceptive tactics and malicious signatures to access funds without consent. This trend underscores the evolving landscape of digital security and the continuous battle against crypto phishing.
For more details, visit [Scam Sniffer’s Twitter](https://twitter.com/realScamSniffer/status/1787417269636915220).
