SlowMist's Q3 2024 report on crypto thefts indicates an encouraging decline in overall theft incidents. The number of reported thefts fell from 467 in Q2 to 313 in Q3. Additionally, SlowMist managed to assist victims in freezing $34.3 million in stolen funds, significantly reducing potential losses.
While overall thefts have decreased, the report reveals a concerning rise in sophisticated phishing attempts. These attacks often utilize advanced social engineering tactics, making them more difficult for individuals to identify and avoid.
Another alarming trend noted in the report is that sponsored search results sometimes direct users to scam links. This highlights the need for increased vigilance among crypto users when engaging with online platforms.
Despite the decline in reported thefts, the most common incidents still arise from simpler methods, primarily due to key leaks. The report aligns with similar findings from Immunefi, which also noted a downward trend in thefts across the crypto industry.
Overall, while the crypto markets are showing improvement, the evolution of phishing tactics poses a new challenge that users must remain aware of.
