Crypto security experts said a good way to counter scams that rely on deceiving victims is to be skeptical of every unsolicited message and interaction.
Scammers and fraudsters increasingly used impersonation scams to steal crypto from unsuspecting users last year, with reported impersonation scam incidents rising by roughly 1,400% year over year in 2025, compared with 2024, according to Chainalysis
Impersonation scams involve fraudsters posing as a trusted person or organization in an effort to trick victims into handing over crypto, passwords, account access and other sensitive information.
In its 2026 Crypto Scams Report, released on Tuesday, Chainalysis said fraudsters have been incorporating multiple tactics into their operations.
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