Most Common Scams
The study identified the top fraud methods affecting crypto investors:
Social media impersonation – 34.02%
A type of online fraud in which scammers create fake accounts mimicking legitimate individuals, companies or organizations to deceive users.
In the crypto space, these impersonators often pose as crypto projects, influencers or exchange representatives to trick investors into sending funds or revealing sensitive information.
Exchange/platform hacks – 21.30%
Cyberattacks that target cryptocurrency exchanges or platforms with the goal of stealing funds, accessing sensitive user data or disrupting services.
These attacks can affect both CEXs and DEXs. (Read more: [Update] Bybit Hack Update Timeline: North Korea’s Lazarus Group Responsible for Largest Crypto Hack in History)
Phishing attacks – 18.64%
Scams in which hackers trick people into sharing sensitive information like passwords, credit card details or crypto keys by pretending to be trustworthy sources.
In crypto, attackers often pose as exchanges or wallet services to steal money or personal data.
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