Crypto investor falls victim to phishing scam, loses $3M in a single click

Key Points

1. A single wrong click led to a $3 million loss in a phishing attack, as reported by blockchain analytics platform Lookonchain.

2. Phishing attacks have become a top security concern in 2024, with hackers shifting focus from code exploits to human vulnerabilities.

3. In 2024, phishing attacks resulted in over $1 billion in stolen digital assets across 296 incidents, with at least three attacks causing losses exceeding $100 million each.

4. CertiK's annual Web3 security report identifies phishing as the most costly attack vector in 2024.

5. Binance has developed an algorithm to detect malicious addresses, identifying nearly 15 million poisoned addresses in May 2024.