Wallet Poisoning and Phishing Scams Drain Millions in Crypto

There are rising instances of social engineering and address poisoning in the crypto sector. Two people lost over $62 million after copying the wrong addresses during transactions. Hackers are increasingly favoring the DAI stablecoin for illicit transfers. Blockchain analytics platforms have spotted rising instances of social engineering and wallet poisoning within the cryptocurrency ecosystem. A crypto anti-scam group, Scam Sniffer, reported that two individuals lost $12.25 million and $50 million in January 2026 and December 2025, respectively, by copying the wrong addresses from their wallets’ transaction history. Someone lost $12.25M in January by copying the wrong address from their transaction history. In December, another victim lost $50M the same way. Two victims. $62M gone. Signature phishing also surged — $6.27M stolen across 4,741 victims (+207% vs De… Read The Full Article Wallet Poisoning and Phishing Scams Drain Millions in Crypto On Coin Edition .