According to the data analyzed by the Atlas VPN team, based on the information provided by the CheckPhish URL scanner tool by Bolster, Blockchain is the most commonly phished crypto project, with 662 phishing websites in the last 90 days.
Blockchain is followed by cryptocurrency wallet Luno and proof-of-stake blockchain platform Cardano with 277 and 191 phishing pages, respectively.
The data features detected cryptocurrency phishing website numbers in the last 90 days till June 22nd, 2022.
The next top-most phished crypto brand is Poloniex. The crypto exchange has had 72 phishing websites using its brand in the past three months.
Meanwhile, NFT marketplace Magic Eden and yet another crypto exchange, Bittrex, share the fifth and the sixth spots on the list with 67 and 65 phishing websites each.
The rest of the top ten includes the largest cryptocurrency exchange Binance with 59 phishing websites, crypto investing service Apex Crypto with 23 phishing websites, open-source cryptocurrency wallet software MyEtherWallet with 21, as well as Bitcoin wallet service Electrum and Australian cryptocurrency assets exchange BTC Markets each with 16 phishing websites.
Ruta Cizinauskaite, the cybersecurity researcher and writer at Atlas VPN, shares her thoughts on crypto phishing scams: “Brand impersonation is a common tacting among cybercriminals as people are more likely to trust the brands they know with their money or information. To lure in their victims, scammers develop counterfeit websites using legitimate brand names, similar-looking URLs or appearances. Crypto scams, in particular, are very lucrative to cybercriminals as cryptocurrency payments are irreversible, uncontrolled by central authorities, and many newcomers are not very knowledgeable in how crypto works. ”
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