Social engineering scams are projected to account for 40.8% of cryptocurrency security incidents in 2025, according to a security report by WhiteBIT. These scams, which include fake investments and identity impersonation, have emerged as the leading threat to crypto users. Technical wallet attacks, such as phishing and malware, follow closely at 33.7%. The report highlights that over 10% of scams occur via instant messaging platforms like Telegram, often as spam scams or fake channels. WhiteBIT emphasizes that these threats exploit human behavior vulnerabilities rather than technical flaws, urging users to adopt measures like two-factor authentication and secure exchanges. The report also notes that the crypto sector suffered nearly $2.5 billion in losses in the first half of the year, with the Bybit hack, attributed to North Korea's Lazarus Group, marking the largest crypto theft at approximately $1.5 billion.