Report: Social engineering scams remain the biggest threat facing Crypto Assets users in 2025.

On October 31, WhiteBIT released a report stating that social engineering scams remain the primary threat faced by encryption users. The report shows that this year, 40.8% of encryption security incidents involved scammers deceiving victims through fake investment opportunities or impersonation tactics. Technical Wallet attacks (such as phishing, malware, or keyloggers) accounted for 33.7%. Additionally, messaging platforms, especially Telegram, were also called out, with over 10% of scams involving so-called “scrolling scams,” where users are led into fraudulent channels. “While technology-based attacks are significant, most threats target human behavior. That is why proactive defense is crucial.” This proactive defense includes not only using two-factor verification or relying on trustworthy Wallets and trading platforms, but also never sharing sensitive data and carefully verifying URLs to ensure that all interactions occur only on official platforms. This finding echoes the overall concerns of the industry. Certik reported that in the first half of 2025 alone, losses from encryption crimes approached $2.5 billion; while Chainalysis highlighted the hacking incidents of CEX, believed to be orchestrated by North Korea's Lazarus group, which is the largest theft in encryption history, totaling $1.5 billion.