Crypto investors lose $12 million to phishing thefts in August

The post Crypto investors lose $12 million to phishing thefts in August appeared on BitcoinEthereumNews.com.

ScamSniffer has disclosed a surge in the number of phishing scams and victims for August, marking a resurgence in phishing activity. The crypto anti-scam platform disclosed this in its August 2025 phishing report, noting a 72% increase in the amount lost compared to July. According to the report, the amount lost to phishing scams in August was $12.17 million. This represents one of the highest this year and is a sign that the activity is seeing a resurgence. In the first half of the year, losses to phishing scams reached a monthly high of $10.25 million in January and dropped to their lowest level at $2.80 million in June. August 2025 Phishing report (Source: ScamSniffer) With the losses reaching the highest level in 2025, the number of victims also reached a new yearly high. According to the data, 15,230 users were victims of phishing scams in August, a 67% jump compared to July, when it was just 9,143. It is also the first time this year that monthly victims have surpassed 10,000 users, with January having just 9,220. The biggest loss that month was a whale who lost $3.08 million on August 6 after signing a phishing transaction. The victim unknowingly approved a malicious transaction that transferred their aEthUSDT tokens to a phishing contract. Losses from three users combined account for 46% of all the amount lost in August. In one of those incidents, the user lost $1.54 million after signing an EIP-7702 phishing batch transaction. Another victim also lost around $1 million in cryptocurrencies and non-fungible tokens in similar circumstances. EIP-7702 batch-signature scams dominate phishing activity Meanwhile, ScamSniffer observed that August saw a surge in EIP-7702 batch signature scams, with this type of scam responsible for many of the losses in the month. Beyond accounting for two of the…