WhiteBIT Report: Social engineering scams account for 40.8% of cryptocurrency security incidents, becoming the primary threat in the industry

According to ChainCatcher's message, citing a 2025 security report released by the crypto trading platform WhiteBIT, social engineering scams (including false investments, identity impersonation, etc.) 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) rank second with a share of 33.7%, while over 10% of scams are carried out through instant messaging platforms like Telegram, commonly in the form of "pump and dump scams" or impersonated channels. The compliance team at WhiteBIT stated that most threats target "human behavior vulnerabilities" rather than technical flaws, urging users to take proactive defensive measures, including: enabling two-factor authentication, carefully verifying URLs, not sharing sensitive data, and prioritizing the use of secure exchanges and cold wallets for asset storage. The report also mentioned that in the first half of this year, losses from crypto-related crimes approached $2.5 billion, with the Bybit hacking incident (believed to be orchestrated by North Korea's Lazarus group) becoming the largest crypto theft in history, resulting in losses of approximately $1.5 billion.