Crypto exchange WhiteBIT has released its 2025 security report. According to the report, social engineering scams continue to be the biggest threat targeting crypto users. According to the data, 40.8% of crypto security incidents this year resulted from users being tricked through fake investment opportunities or identity impersonation. In contrast, technical wallet attacks (e.g., using phishing, malware, or keyloggers) accounted for 33.7% of cases. The report also notes that messaging platforms, particularly Telegram, are prominent in scams. More than 10% of the cases involved so-called “scrolling scams,” where users are directed to fake channels. WhiteBIT stated, “While technology-based attacks are significant, the vast majority of threats target human behavior. Therefore, proactive protection is critical.” As part of proactive protection, it is recommended to use two-factor authentication, use only trusted wallets and trading platforms, not share personal data, and carefully check the accuracy of URLs. These findings also reflect general concerns within the industry. According to a Certik report, crypto crimes caused approximately $2.5 billion in total losses in the first half of 2025. Chainalysis, meanwhile, describes the Bybit hack, believed to have been carried out by the North Korea-linked Lazarus Group, as the largest crypto heist in history, with total losses estimated at $1.5 billion. *This is not investment advice.