Cybersecurity software ScamSniffer has released its phishing attack report for April. The number of phishing victims and the amount of financial losses have decreased significantly by 46% compared to March. There were 34,619 victims with a total loss of $38.63 million.
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Base hacker activity on the rise
Loss of funds attributed to Permit and IncreaseAllowance
How were they phished? Through fake Twitter accounts
Phishing traps attempting to bypass detection
Despite a decrease in hacker activity, Base blockchain has seen a significant increase of 145% in hacker data. In the comprehensive ranking of stolen addresses, the top two are in Base, accounting for 21% of the total amount in April.
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ScamSniffer reports that up to 88% of stolen assets are ERC20 tokens. Most of these losses are caused by network phishing signatures such as Permit, IncreaseAllowance, and Uniswap Permit2.
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ScamSniffer states that fake Twitter accounts posting false reviews are the main method used. They impersonate popular projects on a daily basis, as ScamSniffer’s extension detects a large number of fake accounts every day.
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Although wallets have added phishing alerts for certain signatures, ScamSniffer warns that Wallet Drainers, a malicious phishing program, is actively seeking ways to bypass these alerts. They use legitimate contracts such as Disperse and Uniswap Multicall, as well as value normalization variables.
ScamSniffer cautions that network phishing is one of the main threats to cryptocurrency users and urges people to be cautious.
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Further reading
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