Wallet drainer attacks saw a dramatic turnaround in 2025. Phishing-related losses plummeted 83% year-over-year, landing at $83.85 million—a sharp drop from roughly $494 million previously. The victim count also contracted significantly, falling to approximately 106,000 people, representing a 68% decline.

What's shifted? Attackers have changed their playbook. Instead of targeting high-value wallets, they've pivoted to a volume-based strategy, stealing smaller amounts across a wider surface. The average take per victim dropped to just $790. This reflects a fundamental change in how threat actors approach the space.

The third quarter was particularly brutal, recording $31 million in losses during the period when Ethereum surged. As volatility spikes and users move capital, it appears these attacks intensify, exploiting the chaos of price swings and rapid on-chain activity.