According to Chainalysis, phishing scam losses have reached up to $225 million this year. Over 30,000 investors have been scammed in crypto-related cybercrime with investors losing an average of $7,500, Chainalysis estimates.

Potential investors of Enigma were met with a phishing email in their inbox. The scammers stole almost $500,000 worth of funds.

Chainalysis is a New York audit firm that analyzes blockchain transactions and provides anti-money-laundering software. Their database and software are being used by some of the largest crypto companies and U.S. regulation agencies.

These scams mostly involve fake websites and social media accounts that are similar to the real crypto project. The scammers would then solicit potential investors to send funds to their address.

Last week, users of Enigma’s Slack group were met with a surprise email stating that the project’s ICO would be starting immediately. The fake solicitations took as much as $500,000 from would-be investors.

Ironically, the week before the fraud, Enigma had posted an article on their blog on how to avoid phishers, scammers, and spammers.

In July alone, crypto ICOs have raised over $300 million, amassing about $1.6 billion in proceeds this year.

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