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Phishing Campaign Targeting Etherscan Users
A significant phishing campaign targeting users of the Ethereum blockchain explorer Etherscan has come to light, with several advertisements identified as part of the malicious operation.
Warning Issued After Phishing Campaign Targets Etherscan Users
The campaign was called out by a user on X, who raised a red flag about the presence of potentially malicious phishing scam ads.
- McBiblets flagged certain advertisements on Etherscan as potential wallet drainers.
- Further investigation revealed that these phishing advertisements were not limited to Etherscan but were also spotted on various known phishing websites.
Response from Scam Sniffer
Web3 security platform Scam Sniffer swiftly responded to the warning and launched an investigation.
- Scam Sniffer confirmed the presence of a new scam targeting Etherscan users.
- They uncovered the extent of the phishing campaign, noting that the advertisements were spreading beyond Etherscan to popular search engines and social media platforms.
Details of the Scam
Renowned on-chain detective ZachXBT delved further into the phishing campaign on Etherscan.
- ZachXBT disclosed that the phishing on Etherscan is linked to a draining service.
- The draining service had phished a six-figure sum from a victim.
Amount Stolen
ZachXBT shared the address of the theft, revealing that the wallet contained 87.08 Ethereum (ETH), equivalent to approximately $298,972 at the time of reporting.
Phishing Attacks on Crypto Users
Phishing attacks pose a significant threat to crypto users, with nearly $300 million stolen from over 324,000 victims through wallet drainers in 2023 alone, according to Scam Sniffer.
- Losses due to phishing in 2024 have already exceeded $100 million.
- Ethereum users suffered the most damage, losing $78 million in assets, including ETH and ERC20 tokens.
Despite efforts to shut down such scams, phishing gangs often relocate their operations to different platforms, indicating a persistent challenge in combating fraudulent activities in the crypto space.
Ian is a cryptocurrency enthusiast blending humor with professionalism. With an engineering background and a storyteller's heart, he simplifies the blockchain world with sharp analysis and a touch of wit. At Cryptowire, he brings his unique perspective to make digital financial innovation accessible to all.
