CandleFocus

SlowMist Q3 Report: Crypto Thefts Decline, Phishing Becomes More Sophisticated

SlowMist's Q3 2024 report on thefts in the crypto industry reveals a decline in overall theft incidents but highlights a rise in more sophisticated phishing attempts. The report warns about sponsored search results leading to scam links and identifies the most common thefts as stemming from key leaks. SlowMist helped freeze $34.3 million in stolen funds, reducing the damage caused. The report also mentions the use of advanced social engineering tactics by scammers, such as posing as venture capitalists or journalists. SlowMist advises not to trust any ad results from search engines due to the increasing number of phishing websites listed as sponsored results. Despite these alarming trends, the report emphasizes that crypto thefts are on the decline, and with cautious behavior and secure private keys, users should have little to fear.

Related News