#CryptoScamSurge

Crypto scams are on the rise, with a significant surge in recent times

- *The Scale of the Problem*: In the first half of 2025, crypto exploits and scams resulted in losses of approximately $3.1 billion. Global losses to crypto scams surged to $4.6 billion in 2024, with a 24% increase from the previous year.

- *Notable Cases*: A recent example is the $50 million OTC crypto scam involving tokens like SUI, NEAR, and Axelar, where venture groups, whales, and retail investors were lured by early successful deals offering 50% token discounts.

- *Warning Signs*: Experts emphasize the importance of due diligence, urging investors to scrutinize platform regulation, avoid guarantees of returns, and recognize red flags like unregulated operations or aggressive pressure to invest.

To stay safe, it's essential to

- *Verify Information*: Always verify information through official websites or trusted social media accounts.

- *Isolate Risky Actions*: Use separate wallets when exploring new platforms.

- *Stay Informed*: Keep up-to-date with emerging tactics and be cautious of emotional manipulation.

- *Regular Security Training*: For institutions, regular security training and strong technical defenses are crucial.