Crypto Phishing Attacks Don Jump 72%: $12.17M Don Lost for August
Crypto phishing attack dem spike 72% for August, wit 15,230 victims wey don lose $12.17 million, up from $7.09 million for July. High-value wallet dem suffer di most, as di top three whale related case dem—wey drain $3.08M, $1.54M and $1.00M—make up 46% of all losses. Di increase for crypto phishing attack na because EIP-7702 batch-signature exploits for Ethereum, wey attackers dey bundle bad transactions behind Uniswap swap prompts. Direct transfer and address poisoning scam still dey happen for DeFi and NFT matters, wey dey use weakness for Pectra-upgraded addresses. Chainalysis data show $2.17B don tey for first half 2025, pass wetin dey for 2024. Traders suppose dey strict with address confirmation and no gree unknown batch-signature approvals to keep their blockchain security strong.
Bearish
Di increase for crypto phishing palava wey dey use Ethereum EIP-7702 upgrade don cause serious security wahala inside Ethereum system. For short term, traders fit reduce how dem dey hold ETH to reduce risk, wey go put pressure down on price dem. Big big whale loss show say system get gbege, fit weaken market confidence and liquidity. For medium to long term, if dem fit effectively put security measures like strict address verification and batch-signature controls, Ethereum fit recover e strength. But until dem prove say di fixes dey, dis scam wave go likely make market go bearish, increase how people see risk and make dem trade ETH cautiously.