Prominent web3 security outfit Scam Sniffer reports that crypto investors suffered an increased number of phishing scams in August. Notably, total assets lost to these scams during the last month represent an estimated 72% increase from July, representing a concerning development for the general crypto industry.

Crypto Whales Take Biggest Hit From Phishing Attacks

In an X post on September 6, Scam Sniffer provides an August 2025 security report covering phishing attacks on crypto wallets. The blockchain security firm notes that 15,230 victims lost a combined $12.17 million from all forms of phishing-related attacks. This data indicates a 72% increase in stolen funds and a 67% rise in victims compared to July’s $7.09 million in losses and 9,143 victims.

For context, phishing often invo

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