PANews reported on October 30th that, according to CoinDesk's 2025 security report released by cryptocurrency exchange WhiteBIT, social engineering scams (including fake investments and identity impersonation) have become the primary security threat faced by cryptocurrency users, accounting for 40.8% of all security incidents this year. The report indicates that technical wallet attacks (such as phishing, malware, and keyloggers) ranked second at 33.7%, while over 10% of scams were carried out through instant messaging platforms such as Telegram, commonly taking the form of "spam scams" or fake channels.

WhiteBIT's compliance team stated that most threats target "human behavior vulnerabilities" rather than technical flaws, and urged 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 to store assets.

The report also mentioned that nearly $2.5 billion in losses were incurred in the crypto space in the first half of this year, with the Bybit hack (believed to have been orchestrated by North Korea’s Lazarus Group) becoming the largest crypto theft in history, resulting in losses of approximately $1.5 billion.