Social Engineering Scams Top Crypto Threats in 2025: WhiteBit

Why It Matters

The findings underscore that human‑behavior vulnerabilities dominate crypto crime, prompting regulators and exchanges to tighten security protocols, which could shape industry standards and user trust in digital assets.

Summary

WhiteBIT’s 2025 security report finds social engineering scams remain the leading threat to crypto users, accounting for 40.8% of all incidents, while technical wallet hacks such as phishing and malware represent 33.7%. The report highlights that messaging platforms, especially Telegram, are used in over 10% of scams, and cites broader industry losses of $2.5 billion in the first half of 2025 and a $1.5 billion Bybit hack attributed to North Korea’s Lazarus Group. WhiteBIT advises exchanges and users to adopt proactive measures—including cold‑wallet storage, Web Application Firewalls, regular audits, two‑factor authentication, and strict verification of URLs—to mitigate these human‑focused attacks.