The near 1900% surge in phishing scams on Base since January comes amid an explosion in total value locked on the Ethereum layer 2 chain.
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.