Bitget Wallet reported a significant increase in crypto phishing risk alerts during the third quarter, with a sevenfold rise compared to previous periods. According to CoinTelegraph, the wallet flagged around 37,000 signing requests per week as potential phishing attempts throughout Q3.

The surge in alerts is attributed to improved monitoring systems implemented by Bitget Wallet, which likely helped identify more suspicious activities. This development highlights growing concerns over security threats in the crypto space as user activity intensifies.

For Japanese investors and traders, this trend underscores the importance of vigilance and robust security measures when engaging in crypto transactions, especially amid rising phishing risks in global markets.