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WhiteBIT Report: Social Engineering Scams Account for 40.8% of Crypto Security Incidents, Emerging as Top Threat in Industry
Summary: According to a report from the cryptocurrency exchange platform WhiteBIT cited by CoinDesk, social engineering scams (including false investments, identity theft, etc.) have become the primary security threat faced by crypto users, accounting for 40.8% of all security incidents this year. The report highlights that technical wallet attacks (such as phishing, malware, and keyloggers) rank ...
According to a report from the cryptocurrency exchange platform WhiteBIT cited by CoinDesk, social engineering scams (including false investments, identity theft, etc.) have become the primary security threat faced by crypto users, accounting for 40.8% of all security incidents this year.
The report highlights that technical wallet attacks (such as phishing, malware, and keyloggers) rank second at 33.7%, with over 10% of scams being carried out through instant messaging platforms like Telegram, often in the form of 'pump and dump schemes' or disguised channels. WhiteBIT's compliance team stated that most threats target 'human behavioral vulnerabilities' rather than technical flaws, urging users to take proactive defense measures, including enabling two-factor authentication, verifying URLs carefully, not sharing sensitive data, and prioritizing the use of secure exchanges and cold wallets for asset storage. The report also mentions that crypto-related crime losses in the first half of this year amounted to nearly $2.5 billion, with the Bybit hack (allegedly orchestrated by the North Korean Lazarus group) being the largest crypto theft case in history, resulting in losses of around $1.5 billion.
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Link: WhiteBIT Report: Social Engineering Scams Account for 40.8% of Crypto Security Incidents, Emerging as Top Threat in Industry [Copy]
