Close Menu
  • Latest News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Meme Coins
  • DeFi
  • Tech
    • Blockchain
    • Security and Privacy
  • Web 3
    • Web3 News
    • Gaming
  • Legal
    • Taxes & Regulation
    • Adoption
  • Analysis
  • Learn
    • Education
    • Wallets and Exchanges
  • Tools
    • Market Overview
    • Converter
What's Hot

Rex-Osprey spot Solana ETF doubles cumulative inflows to $41M on July 8

July 10, 2025

ETH gains ground in corporate treasuries with GameSquare’s $100M pivot 

July 10, 2025

Digital Assets Are Not Going Away, Senator Tim Scott Says

July 10, 2025
Facebook X (Twitter) Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • Disclosure
Facebook X (Twitter) Instagram
Buy Crypto NewsBuy Crypto News
  • Latest News
    1. Bitcoin
    2. Ethereum
    3. Altcoins
    4. Meme Coins
    5. View All

    Bitcoin Hits New All Time High At $112,000 As Corporations Buy Record Amounts Of BTC

    July 10, 2025

    Is the 2025 Altseason Here? Experts’ Insights 

    July 10, 2025

    Bitcoin Setup Suggests Explosive Rally Incoming, According to Analyst Who Called 2021 Crypto Top

    July 9, 2025

    New Zealand Government Want to Ban Crypto ATMs in AML/CFT Regime Overhaul

    July 9, 2025

    Ethereum projections shift bullish: Is $3K in Q3 possible?

    July 10, 2025

    Ethereum Price Soars on $148M Inflows as Bulls Target $2,610 Breakout?

    July 10, 2025

    BTC Sleeps And ETH Moves

    July 9, 2025

    Bit Digital drops Bitcoin to join the Ethereum treasury bandwagon

    July 9, 2025

    Decoding Ethereum’s role as ‘a store of value’ – Can ETH hit $3.2K soon?

    July 10, 2025

    Pundit Says XRP’s Rise To $1,000 Will Happen A Lot Sooner Than Anticipated

    July 10, 2025

    Bonk.fun flips Pump.fun – What does this mean for the Solana-based meme’s demand?

    July 9, 2025

    Tether CEO Says “We Will Be the Largest Bitcoin Miner by the End of 2025”

    July 9, 2025

    Pepe, BMT, CAKE: Crypto Activity Heats Up

    March 18, 2025

    SHIB Burns Over Half a Billion Tokens, Price Surges Over 7%

    March 17, 2025

    DOGE Sees Massive User Growth: Active Addresses Up 400%

    March 15, 2025

    Shiba Inu (SHIB) Price Analysis: Bullish Hints, Bearish Trend

    March 15, 2025

    Rex-Osprey spot Solana ETF doubles cumulative inflows to $41M on July 8

    July 10, 2025

    ETH gains ground in corporate treasuries with GameSquare’s $100M pivot 

    July 10, 2025

    Digital Assets Are Not Going Away, Senator Tim Scott Says

    July 10, 2025

    Ethereum projections shift bullish: Is $3K in Q3 possible?

    July 10, 2025
  • DeFi

    ETH gains ground in corporate treasuries with GameSquare’s $100M pivot 

    July 10, 2025

    Pump.fun’s PUMP ICO stirs controversy over token allocation

    July 10, 2025

    Crypto.com strikes travel payments deal with Emirates airline

    July 9, 2025

    Pump.fun’s $4B Token Launch Collapses Amid Surging Backlash—Can Bonk Capitalize?

    July 9, 2025

    Amp crypto price prediction as whale buying continues

    July 9, 2025
  • Tech
    1. Blockchain
    2. Security and Privacy
    3. View All

    Digital Assets Are Not Going Away, Senator Tim Scott Says

    July 10, 2025

    Spheron x AIxBlock Partnership Aims to Reshape AI Training with Web3 Power

    July 10, 2025

    Greece Makes First Crypto Seizure After $1.5 Billion Bybit Hack – Here’s What Happened

    July 10, 2025

    Taiko Collaborates with Nethermind to Bolster Rollup Infrastructure on Ethereum Network

    July 10, 2025

    Scam targets dormant Bitcoin wallets with fake legal notice

    July 9, 2025

    North Korean Hackers Target Crypto Firms with Novel macOS Malware

    July 3, 2025

    Crypto firms paid $2.7M monthly to North Korean workers

    July 3, 2025

    International Taskforce Dismantles €460m Crypto Fraud Network

    July 1, 2025

    Rex-Osprey spot Solana ETF doubles cumulative inflows to $41M on July 8

    July 10, 2025

    ETH gains ground in corporate treasuries with GameSquare’s $100M pivot 

    July 10, 2025

    Digital Assets Are Not Going Away, Senator Tim Scott Says

    July 10, 2025

    Ethereum projections shift bullish: Is $3K in Q3 possible?

    July 10, 2025
  • Web 3
    1. Web3 News
    2. Gaming
    3. View All

    Intermap Announces Jack Hild Retires as Director

    July 10, 2025

    Wi‐Fi Analytics Market to Explode to USD 87.8 B by 2030 at 26.8 % CAGR

    July 10, 2025

    Less Hype, More Utility: 5 Ways NFTs Are Rebuilding in 2025

    July 9, 2025

    Asset Finance Software Market to Reach US$ 9,098.5 Mn by 2032, Expanding at 11.4% CAGR | Persistence Market Research

    July 9, 2025

    Gear Runner Integrates with Meta Arena to Deliver Gamified Real-World Activity and Move to Earn for GameFi Fans

    July 10, 2025

    ‘OpenSeason’ Crypto Game Goes Offline as Devs Pivot to Gambling on Nudity

    July 9, 2025

    Off The Grid studio unveils Solana cofounder-inspired skin

    July 9, 2025

    Web3 Powerhouses Fabwelt and LoveBit Unite to Drive Purpose-Driven GameFi

    July 9, 2025

    Rex-Osprey spot Solana ETF doubles cumulative inflows to $41M on July 8

    July 10, 2025

    ETH gains ground in corporate treasuries with GameSquare’s $100M pivot 

    July 10, 2025

    Digital Assets Are Not Going Away, Senator Tim Scott Says

    July 10, 2025

    Ethereum projections shift bullish: Is $3K in Q3 possible?

    July 10, 2025
  • Legal
    1. Taxes & Regulation
    2. Adoption
    3. View All

    Greece recovers part of funds stolen in Bybit hack as its first crypto asset seizure

    July 10, 2025

    Singapore Slams Banks, Crypto as $3B Money Laundering Scandal Ends

    July 10, 2025

    SEC Crypto Task Force head warns assets remain securities regardless of tokenization

    July 10, 2025

    Regulators Race to Counter US Stablecoin Grip on European Market

    July 10, 2025

    Rex-Osprey spot Solana ETF doubles cumulative inflows to $41M on July 8

    July 10, 2025

    Crypto.com signs major deals in Dubai to enable crypto payments

    July 10, 2025

    Ripple appoints BNY Mellon as custodian for RLUSD reserves as supply tops $500M

    July 9, 2025

    Volkswagen ADMT chooses Solana-based Hivemapper to power Robotaxi test fleet

    July 9, 2025

    Rex-Osprey spot Solana ETF doubles cumulative inflows to $41M on July 8

    July 10, 2025

    ETH gains ground in corporate treasuries with GameSquare’s $100M pivot 

    July 10, 2025

    Digital Assets Are Not Going Away, Senator Tim Scott Says

    July 10, 2025

    Ethereum projections shift bullish: Is $3K in Q3 possible?

    July 10, 2025
  • Analysis

    Ripple Price Prediction For July 10

    July 10, 2025

    Bitget latest CEX to expand into tokenized equity trading via xStocks integration

    July 10, 2025

    Crypto Market Live —Top Tokens Stabilise While Cronos Explodes With Over 2000% Rise in Volume, Followed by Raydium

    July 9, 2025

    JPMorgan Will Become Trillion-Dollar Company Amid Adoption of ‘Most Transformational Technology,’ According to TD Cowen – Here’s When

    July 9, 2025

    Cronos (CRO) Price Explodes After Truth Social Files Crypto Blue-Chip ETF-Can it Secure $0.1 Today?

    July 8, 2025
  • Learn
    1. Education
    2. Wallets and Exchanges
    3. View All

    What Are Internet Capital Markets? Why Companies Are Launching Meme Coins

    June 16, 2025

    What is a Corporate Bitcoin Treasury? The Strategy Behind Companies Holding Crypto

    May 27, 2025

    What Are Tokenized Real-World Assets? Putting Physical Value On-Chain With RWAs

    May 19, 2025

    Users Taunt Grok After xAI Says Modifications Were Made to Spit out ‘White Genocide’ Claim

    May 16, 2025

    Kraken expands xStocks to BNB Chain enabling global access to tokenized equities

    July 10, 2025

    More than 40 fake wallet extensions on browsers detected as malware threat

    July 3, 2025

    Mastercard joins forces with Bitget Wallet to release zero-fee crypto cards

    July 2, 2025

    Supreme Court confirms IRS right to access customer data from crypto exchanges without warrant

    July 2, 2025

    Rex-Osprey spot Solana ETF doubles cumulative inflows to $41M on July 8

    July 10, 2025

    ETH gains ground in corporate treasuries with GameSquare’s $100M pivot 

    July 10, 2025

    Digital Assets Are Not Going Away, Senator Tim Scott Says

    July 10, 2025

    Ethereum projections shift bullish: Is $3K in Q3 possible?

    July 10, 2025
  • Tools
    • Market Overview
    • Converter
Buy Crypto NewsBuy Crypto News
Home»Security and Privacy»Scammers Drain $500m from Crypto Wallets in a Year
Scammers Drain $500m from Crypto Wallets in a Year
Security and Privacy

Scammers Drain $500m from Crypto Wallets in a Year

January 6, 2025No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Wallet Drainer Attacks Increase by 67% in 2024, Victims Lose Nearly $500m

A recent report from Scam Sniffers has revealed a concerning trend in the world of cryptocurrency phishing attacks. According to the Crypto Phishing Report 2024, victims lost close to $500m from wallet drainer attacks in 2024, marking a 67% annual increase from the previous year.

Key Findings from the Report

The report is based on analysis of Ethereum Virtual Machine (EVM)-compatible chains, where the estimated $494m lost to wallet drainers in 2024 came from 332,000 wallet addresses. This indicates a slight increase of just 3.7% from 2023 figures, suggesting that cybercriminals are becoming more adept at stealing larger amounts from each victim. The largest single theft reported was a staggering $55.5m.

Furthermore, there were 30 “large-loss cases” of over $1m, totaling $171m or an average of $5.7m per case.

Understanding Wallet Drainer Attacks

Wallet drainers are a specific type of phishing tactic that target crypto-wallet funds rather than usernames and passwords. Victims are often lured through various channels including compromised Discord and Twitter accounts, paid traffic, emails, private messages, and organic traffic like NFT or token airdrops.

The report also highlighted distinct phases of malicious activity throughout 2024, with the peak period occurring in July-September where major losses were recorded. However, the final quarter showed a reduction in both frequency and scale of attacks, indicating an improvement in market security awareness.

Protecting Against Wallet Drainer Attacks

Scam Sniffer emphasized the importance of Web3 security, stating that both tool protection and security awareness are crucial in safeguarding assets in the decentralized world. While enjoying the benefits of Web3 innovation, it is essential for users to prioritize security and remain vigilant against potential threats.

See also  Economist Alex Krüger Says President Trump’s Crypto Endorsement To Generate ‘Seismic’ Changes – Here’s How

Most losses in 2024 were related to Ethereum, followed by Blast and Arbitrum. The attack landscape also saw shifts over the past year, with notable players like Pink Drainer closing down operations and others like Angel Drainer experiencing declines in market share.

As the crypto landscape continues to evolve, it is imperative for users to stay informed and take proactive measures to protect their assets from malicious actors.

500m Crypto Drain Scammers wallets Year
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Greece recovers part of funds stolen in Bybit hack as its first crypto asset seizure

July 10, 2025

Singapore Slams Banks, Crypto as $3B Money Laundering Scandal Ends

July 10, 2025

Crypto.com signs major deals in Dubai to enable crypto payments

July 10, 2025

Greece Makes First Crypto Seizure After $1.5 Billion Bybit Hack – Here’s What Happened

July 10, 2025
Add A Comment
Leave A Reply Cancel Reply

Top Posts

Corporate treasuries double ETF Bitcoin buys in H1, signaling aggressive boardroom adoption

July 2, 2025

Google Warns UK Crypto Firms of North Korea-Linked Fraudsters

April 6, 2025

Over $1bn in Cryptocurrency Lost to Web3 Cyber Incidents in 2024

December 3, 2024
Price Chart


Explore insights on crypto, blockchain, taxes, and security. Stay informed with expert guides, tips, and the latest trends to navigate the digital asset world confidently


We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Rex-Osprey spot Solana ETF doubles cumulative inflows to $41M on July 8

July 10, 2025

ETH gains ground in corporate treasuries with GameSquare’s $100M pivot 

July 10, 2025

Digital Assets Are Not Going Away, Senator Tim Scott Says

July 10, 2025
Get Informed

Subscribe to Updates

Get the latest creative news From BuyCryptoNews directly in your Inbox!

  • Contact
  • Privacy Policy
  • Terms & Conditions
  • Disclosure
© 2025 BuyCryptoNews - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.