The fight against phishing scams in the crypto realm is still critical, with over $20 million reported lost to these schemes in October. The number of victims is increasing, signaling the evolving tactics and persistence of cybercriminals. Although the overall draining volume has decreased by 56% compared to September, the number of victims has surged by 20%. Law enforcement is taking proactive measures, as seen with Tether freezing wallets connected to suspected scammers. However, experts caution that shutdowns announced by some scammers may simply be strategic rebranding efforts. Understanding the sophisticated tactics and business models of these criminals is crucial for potential victims to protect themselves.



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