More Than 324,000 Crypto Users Become Phishing Victims, Capai Losses Of IDR 4.5 Trillion In 2023

In an attempt to scam "geng phishing" only moves their business elsewhere (photo: dock. pexels)

JAKARTA - More than 324,000 crypto users have been victims of phishing fraud in 2023. Losses are estimated at around IDR 4.5 trillion in digital assets handed over to wallet hackers.

In the 2023 Wallet Drainers report, blockchain security platform Scamer analyzes trends surrounding drainages used in crypto phishing scams. The platform highlights that there has been continuous growth in phishing activity throughout 2023.

In addition, Scam betterer also reported that even as the drainages closed, "geng phishing" only moved their business elsewhere, as there appeared to be no shortage of platforms providing services to scammers.

On March 2, Monkey Drainer, known for some important phishing exploits, closed its business, but not before recommending other fraudulent services to its criminal customers. Scam courtser estimates that Monkey Drainer stole around IDR 245 billion in digital assets before closing.

Similarly, Inferno Drainer was also closed in 2023 after stealing around IDR 1.2 trillion in digital assets. According to Scam amplifier, Angel Drainer appears to have taken over after Inferno Drainer closed.

Meanwhile, Scam Badminton also analyzes how phishing sites get traffic. One of the methods used by crypto hackers is to hack the project's official Discord and X (formerly Twitter) accounts, then spread phishing links via post.

Phishing sites get organic traffic by performing fake airdrops of crypto assets or non-fungible tokens (NFTs). They also took over expired Discord links and left spam comments and mentioned them on X.

In addition, fraudsters managed to circumvent Google and X advertising guidelines, according to Scam Laugher, which reports that phishing sites can publish Google Search and Twitter paid ads.