---
title: "Phishing scam thefts on Base are up 1900% from January — Scam Sniffer"
url: https://diffcoin.com/phishing-scam-thefts-on-base-are-up-1900-from-january-scam-sniffer/
description: "Ethereum layer 2 Base has seen an 18-fold increase in cryptocurrency funds stolen from phishing scams in March compared to January figures, recent data…"
published: 2024-04-02
updated: 2024-04-02
author: "Mila"
site: "Diffcoin"
---

# Phishing scam thefts on Base are up 1900% from January — Scam Sniffer

Ethereum layer 2 Base has seen an 18-fold increase in cryptocurrency funds stolen from phishing scams in March compared to January figures, recent data shows.

Approximately $3.35 million was stolen from phishing scammers on Base in March alone, according to blockchain anti-scam platform Scam Sniffer.

It marks a 334% month-on-month increase from February’s tally of $773,900 and a massive 1,880% spike compared to January, when Base only lost $169,000 from phishing scams, according to monthly Dune Analytics data compiled by Scam Sniffer.

Binance’s BNB Chain observed a similar surge in phishing scams in March, Scam Sniffer noted in an April 2 X post.

*Source:* *Scam Sniffer*

Approximately $71.5 million was lost to phishing scammers across all chains from 77,529 victims — beating out January and February’s tallies of $58.3 million and $46.8 million, respectively.

Scam Sniffer noted that phishing links from fake X accounts remain a “primary tactic” for, which detected over 1,500 incidents in March.

*Source:* *Scam Sniffer*

The rise in Base phishing scams comes amid a recent memecoin craze on the Coinbase-backed chain. It has helped push Base’s total value locked above $3.2 billion — marking a 370% increase so far in 2024, according to L2BEAT.

Cointelegraph reached out to Scam Sniffer for comment.

### Phishing scams may be up, but hacks are down

The surge comes despite crypto hack thefts falling 48% to $187.2 million in March, according to an April 1 X post from blockchain security firm PeckShield.

***Related:*** ***Crypto hacking losses decline in Q1 2024 — Immunefi***

The figure factored into account the $98.8 million that was recovered over the month.

Almost all of those recoveries came from the $97 million Munchibles exploit. Cryptocurrency sleuth ZachXBT was among those onboarded as a custodian to recover the stolen funds.

*Total losses from hacks in March. Source:* *PeckShield*

Meanwhile, Curio’s MakerDAO-based smart contract lost $40 million, according to updated figures from Peckhield and Prisma Finance fell victim to an $11.6 million hack. The firm is currently negotiating with the hacker on-chain to return those funds.

***Magazine:*** ***‘SEAL 911’ team of white hats formed to fight crypto hacks in real time***

[Source link](https://cointelegraph.com/news/phishing-scams-layer-2-base-up-1900-percent-since-january)