#BABYDOGE# Revealing the Industrialization of Phishing Attacks in the Encryption World

Since June 2024, the security team has monitored a large number of similar phishing and fund theft transactions. In just the month of June, the related losses exceeded $55 million. After entering August and September, phishing activities have become more frequent and are showing a worsening trend. In the third quarter of 2024, phishing attacks have become the attack method causing the greatest economic losses, with 65 attacks resulting in over $243 million in losses. Analysis shows that the recent frequent phishing attacks are likely related to the notorious phishing tool team. This team announced its "retirement" at the end of 2023, but now it seems to have made a comeback, launching a series of large-scale attacks.
This article will analyze the methods used by typical phishing attack groups and detail their behavioral characteristics, aiming to help users improve their ability to recognize and prevent phishing scams.
Scam-as-a-Service (