Crypto Phishing Alerts Surge Sevenfold at Bitget Wallet
Enhanced AI-powered monitoring systems likely played a role in the dramatic increase in phishing risk identification, with detections climbing from 5,000 to 37,000 weekly during the third quarter, according to Bitget Wallet.
On Wednesday, cryptocurrency wallet provider Bitget Wallet announced plans to enhance its AI-driven threat detection capabilities following a remarkable 7.4-fold increase in the weekly average of signing requests identified as potential phishing attempts during the third quarter of 2026.
During Q3, the wallet identified approximately 37,000 potentially malicious requests on a weekly basis, representing a substantial jump from the 5,000 flagged during Q2, as stated by Bitget Wallet's chief operating officer, Alvin Kan.
"The increase likely reflects both greater threat activity and improved detection capabilities, although the data does not allow us to quantify each factor's contribution," Kan told Cointelegraph.
He noted that the wallet implemented AI-assisted risk detection technology during Q2, he added.
Kan clarified that the figures represented flagged signing interactions rather than individual attacks or verified monetary losses.
According to Bitget Wallet, its enhanced AI verification systems analyze website source code and domain registration information to identify indicators of fraudulent activity. Additionally, the wallet performs transaction simulations to detect concealed permissions prior to user authorization.
Furthermore, Bitget Wallet revealed that AI technology was responsible for identifying 90% of newly blocked suspicious domains during October, a significant increase from the 36% recorded in Q2. Approximately 70% of the domains flagged by its AI systems during that month showed no corresponding alerts in the external threat intelligence feeds that were consulted.
These results emerge against the backdrop of ongoing phishing threats that continue to target cryptocurrency users. During July, a trader suffered losses approaching $1 million following the signing of a fraudulent Ethereum token approval.
A Rapid7 investigation conducted in August revealed a phishing campaign that targeted 885,000 phone numbers, with recipients being directed to fraudulent websites designed to impersonate legitimate crypto wallet providers.