Over $46.8 lost due to crypto scam; PH crypto market rises Crypto phishing scams hugely increased in February 2024, resulting in more than $46.8 million lost over more than 57,000 cases. Most scams were carried out using fake X (previously Twitter) accounts to lure consumers to harmful sites. Scam Sniffer, a popular all-in-one Web3 antiscam solution, concluded that 78% of the stolen assets came from the Ethereum (ETH) mainnet.
