Are phishing attacks failing? The 2025 data provides an interesting answer.

According to the latest statistics, losses caused by cryptocurrency phishing attacks this year have dropped to $83.85 million, a significant 83% decrease from $494 million last year. More notably, the number of victims has plummeted to 106, a year-over-year decline of 68%.

What is behind this trend? An important turning point occurred in the third quarter. At that time, Ethereum's strong rebound directly boosted phishing loss figures, reaching a quarterly high of $31 million, accounting for nearly 30% of the total annual losses. This indicates that price fluctuations do indeed influence attacker activity and victim psychology.

Interestingly, protocol upgrades like EIP-7702 may be changing the game. With technical optimizations and security improvements in the Ethereum ecosystem, user awareness has increased, and the success rate of phishing attacks continues to decline. While we can't say these threats have been completely eliminated, the trend is clear—the resilience of the entire market is strengthening.