Wu said that according to ScamSniffer, about 10,000 victims lost about $46 million to crypto phishing scams in September. In the third quarter of 2024, the total phishing losses reached $127 million, with an average of 11,000 victims per month. Two major victims lost $87 million. One victim lost $32 million for signing a license; one victim lost $1 million for copying the wrong address from a contaminated transfer history; most phishing behaviors were achieved by clicking on phishing links of fake accounts on X, followed by Google phishing ads.