Staying Vigilant: The Rise of Social Engineering in Crypto Payroll Scams
In 2025 alone, over $3.4 billion was stolen from crypto-related scams, and a big part of that can be attributed to social engineering attacks. These attacks use psychological tricks to get people to reveal information or do things that compromise their security. For anyone in the crypto scene, it’s crucial to know how to spot these tricks and keep your assets safe.
Understanding Social Engineering in Crypto
So what exactly is social engineering? Simply put, it’s a method that attackers use to manipulate people into giving away sensitive information or taking actions that make them vulnerable. The mind games they play often revolve around urgency, authority, and that pesky fear of missing out (FOMO). As Nick Percoco from Kraken said,…
