Phishing Attacks Surge: Ethereum Losses Reach $12.17 Million in August 2025

Phishing attacks targeting Ethereum users surged to a record-breaking $12.17 million in August 2025, a 72% increase compared to July. ScamSniffer, a platform that tracks blockchain scams, revealed over 15,230 victims were impacted by these attacks, highlighting the vulnerability of Ethereum and its associated ERC-20 tokens. While the market value of Ethereum saw a rise during August, no immediate response from leading figures in the crypto space was observed following this surge.