A new anti-phishing platform has been developed by crypto security companies SlowMist, DeFiHackLabs, and Scam Sniffer with the goal of shielding the crypto ecosystem from an increase in phishing attempts.
The partnership pools each company’s knowledge in identifying and stopping different kinds of online fraud, especially in the quickly expanding decentralized finance (DeFi) market.
Why is The App Important?
Since scammers target people with phony websites, emails, and platforms intended to steal private information like wallet credentials and private keys, phishing attacks have grown to be a serious threat for cryptocurrency users.
By combining their efforts, the three businesses hope to create a comprehensive platform that would safeguard consumers proactively, enabling them to recognize and steer clear of phishing scams before becoming victims.
This new network will incorporate real-time phishing alerts, sophisticated monitoring technologies, and educational materials to keep cryptocurrency users safe and educated.
Since phishing attempts have cost millions of dollars in damages in recent years, it is anticipated that the endeavor will drastically lower the amount of successful attacks in the field.
Together, SlowMist, DeFiHackLabs, and ScamSniffer are strengthening their dedication to enhancing security in the crypto ecosystem and guaranteeing safer user experiences for all.
Also Read: Crypto User Falls Victim to Permit Phishing Scam, Losing $226,255 in pufETH
New Application Likely to Help Reduce Phishing Scams
Scams are becoming more sophisticated as the crypto industry expands, making it harder for people to spot harmful attempts.
Fraudsters frequently employ dishonest strategies, such as phishing emails, social engineering, and phony websites, to gain private keys and wallet credentials.
In order to help cryptocurrency users navigate the sector safely and lower the frequency of successful phishing attacks, SlowMist, DeFiHackLabs, and ScamSniffer developed an anti-phishing platform with the goals of offering crucial protection, real-time notifications, and education.
Why Are Phishing Attacks Rising in Crypto Worlds?
Phishing attacks have become increasingly prevalent in the cryptocurrency space, taking advantage of customer ignorance and security flaws in the digital asset market.
Fraudulent websites, emails, or social media profiles that mimic authentic platforms are frequently used in these schemes. Hackers utilize the sensitive information that victims are misled into disclosing—like private keys or login credentials—to steal money.
The 2020 “Binance phishing” event is a prominent example, in which consumers were tricked into visiting a phony website where their credentials were taken by use of emails that looked like they came from the exchange.
Similarly, a cryptocurrency user lost more than $226,000 in assets due to the “pufETH” phishing scam in 2025. Phishing attacks can also happen when consumers unintentionally approve harmful transactions using “permit” signatures.
Since the attempts are getting more complex as the crypto business grows, which emphasizes the value of being vigilant, implementing robust security procedures, and using two-factor authentication (2FA) to avoid falling for these types of scams.
Also Read: Phishing Scam Alert: Fake Pump BTC Advertisements Appear at the Top of Google Search Results