According to ChainCatcher, citing CoinDesk's 2025 security report from crypto trading platform WhiteBIT, social engineering scams (including fake investments and identity theft) have become the primary security threat faced by crypto users, accounting for 40.8% of all security incidents this year.
The report indicates that technical wallet attacks (such as phishing, malware, and keyloggers) ranked second at 33.7%, while over 10% of scams were carried out through instant messaging platforms like Telegram, commonly taking the form of "spam scams" or fake channels. The WhiteBIT compliance team stated that most threats target "human behavior vulnerabilities" rather than technical flaws, urging users to take proactive preventative measures, including: enabling two-factor authentication, carefully verifying URLs, not sharing sensitive data, and prioritizing secure exchanges and cold wallets for asset storage. The report also mentions that nearly $2.5 billion in losses were attributed to crypto crime in the first half of this year, with the Bybit hack (believed to be orchestrated by North Korea's Lazarus Group) becoming the largest crypto theft in history, resulting in approximately $1.5 billion in losses.
