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Crypto Scammers Still Stealing Millions | Bitcoin and Crypto News
Description
Crypto scammers are still raking in billions—over $14 billion last year—with approval phishing being a top tactic, tricking users into signing away wallet access. One Ethereum user recently lost nearly $1 million after approving a malicious token, while this year alone, $366 million has vanished via similar scams. Scammers often reuse wallets and methods, exposing wider networks when one victim is caught. Experts warn to always verify signature requests, avoid rushing transactions, and use scam detection tools—because that “approve” button can unlock your entire crypto stash.
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