Bitget Wallet reports sevenfold jump in crypto phishing risk alerts
The wallet flagged about 37,000 signing requests a week for phishing in Q3 and said better monitoring likely contributed to the increase.
Bitget Wallet, a crypto wallet provider, reported a staggering 7.4-fold increase in crypto phishing risk alerts during Q3 2026. The wallet flagged around 37,000 signing requests per week, a significant rise from 5,000 requests in Q2. Bitget Wallet's chief operating officer, Alvin Kan, attributed the increase to both heightened threat activity and improved detection capabilities. However, the data didn't allow for a precise quantification of each factor's contribution.
Kan revealed that Bitget Wallet introduced AI-assisted risk detection in Q2. The AI system scrutinizes website code and domain registration details for fraud indicators and simulates transactions to uncover hidden permissions before users sign. This enhanced monitoring resulted in AI identifying 90% of newly blocked risky domains in October, compared to just 36% in Q2.
Notably, nearly 70% of domains flagged by Bitget Wallet's AI in October had no corresponding alerts in the external threat feeds it checked. This highlights the effectiveness of their AI-powered threat detection system. The developments come amidst ongoing phishing threats targeting crypto users. In July, a trader suffered a loss of nearly $1 million after approving a malicious Ethereum token.
In August, Rapid7 uncovered a phishing campaign that targeted 885,000 phone numbers, directing recipients to fake crypto wallet provider websites. Experts predict that phishing, deepfakes, and supply chain attacks will fuel major crypto hacks in 2026, according to CertiK.
Written by urgent.news from Cointelegraph's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
