According to WhiteBIT, social engineering scams continue to dominate crypto security incidents, underscoring the need for both technical and behavioral defenses against evolving threats.
WhiteBIT’s 2025 data shows social engineering scams, including fake investment offers and impersonation, account for 40.8% of crypto security incidents, making them the most common threat. Technical wallet hacks—via phishing, malware, or keyloggers—follow at 33.7%, while messaging platform fraud, notably Telegram-based scrolling scams, comprises over 10%. Certik reported $2.5 billion in losses in the first half of 2025, with Chainalysis highlighting the $1.5 billion Bybit hack as the largest in crypto history. WhiteBIT stressed proactive security measures, including cold wallet storage, audits, web application firewalls, and cybersecurity certifications, alongside vigilant user practices.