Story perspectives

New Phishing Defense Network Launches Amid $400M Crypto Scams

10/24/2025

Summary

Story summary

Leading wallet providers launched the Phishing Defense Network on October 22, 2025 to combat rising crypto scams.
The network creates a decentralized defense system that enables real-time sharing of phishing intelligence among wallets.
Phishing attacks have caused over $400 million in losses in 2025, highlighting the increasing sophistication of scams.
As scams increasingly leverage artificial intelligence, the network empowers users to report threats and strengthen security across the crypto ecosystem.

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Story summary

Leading wallet providers launched the Phishing Defense Network on October 22, 2025 to combat rising crypto scams.
The network creates a decentralized defense system that enables real-time sharing of phishing intelligence among wallets.
Phishing attacks have caused over $400 million in losses in 2025, highlighting the increasing sophistication of scams.
As scams increasingly leverage artificial intelligence, the network empowers users to report threats and strengthen security across the crypto ecosystem.