ChainCatcher news, according to Bitcoin.com, Moroccan authorities have arrested and detained five individuals suspected of participating in cryptocurrency fraud activities. The police also recovered some funds allegedly related to the scheme, as well as mobile devices used in the crime.The unnamed suspects, aged between 24 and 48, are accused of sending phishing emails to foreign citizens, aiming to extract funds from the victims' cryptocurrency wallets. It is alleged that the stolen funds were subsequently used for personal purposes.Moroccan authorities arrested the suspects after receiving reports through international law enforcement cooperation channels.

ChainCatcher message, Scam Sniffer posted on platform X that in October, approximately 12,000 victims lost 20.2 million dollars due to cryptocurrency phishing scams. Compared to September, the stolen funds decreased by 56%, while the number of victims increased by 20%.

ChainCatcher news, according to the phishing report released by ScamSniffer in August, approximately 9,145 victims lost about 63 million dollars in cryptocurrency phishing scams. Compared to July, the number of victims decreased by 34%, but the amount stolen surged by 215%. One victim lost as much as 55 million dollars in a phishing scam targeting proxy ownership.The report noted a significant decrease in the number of fake accounts on the X platform (formerly Twitter). ScamSniffer recommends optimizing the display of key phishing characteristics and integrating its phishing domain and address blacklist to protect users.