Coinspeaker
Crypto Thefts on Coinbase’s Base Chain Rose by 145% in April

Coinbase’s Base chain has suffered an increased amount of crypto theft over the last month, according to data from the real-time Web3 anti-scam platform Scam Sniffer. According to the platform, Base saw a heavy 145% increase in scam activity for April.

Thefts Increased on Base

Scam Sniffer posted a thread on X with details of its April Phishing Report. In the thread’s second post, the platform wrote that the Base chain saw a substantial increase in theft from the previous month despite an overall reduction in the sector. The post also noted that 2 of the top 10 largest single thefts in the month occurred on Base. The hacks accounted for 21% of the total theft recorded in April.

Overall, Base has seen an increase of about 1,900% in scammer activity since January. This resulted in about $170,000 lost to phishing scams.

In general, the anti-scam intelligence platform’s report shows that a total of 34,619 victims lost more than $38.6 million in April. This is a 46% reduction compared to figures from March. ScamSniffer also wrote that 88% of all assets stolen in the month were ERC20 tokens. The thefts stemmed from phishing signatures, incl...