Bitget Wallet Sees Risky Signing Requests Jump Nearly Sevenfold as AI Detection Expands

Bitget Wallet reports that it flagged around 37,000 suspicious signing requests each week in the third quarter, compared with roughly 5,000 per week in Q2. Chief operating officer Alvin Kan said the rise probably mixes more criminal activity with better detection, though the numbers cannot show how much each factor contributed. He also stressed that the count covers flagged signing interactions only, not separate attacks or confirmed losses.

How the AI Risk Checks Work

The wallet added AI assisted screening in Q2. It now reads website code and domain registration records for signs of fraud, and it runs a simulation of each transaction to uncover hidden permissions before a user approves anything. In October, AI caught 90% of newly blocked risky domains, up from 36% in the second quarter. Close to 70% of the domains it flagged that month had no matching warning in the outside threat feeds the team compared against.

Phishing Threats Keep Hitting Crypto Users

The data lands amid steady phishing activity. In July, one trader lost nearly $1 million after signing a malicious Ethereum token approval. In August, Rapid7 uncovered a campaign aimed at 885,000 phone numbers that sent victims to fake wallet provider websites.