South Korea has reported a 6.6-fold increase in crypto voice phishing scams in the first seven months of 2025 compared to the same period last year. The National Police Agency recorded 420 cases, indicating a growing trend of scammers targeting digital assets. These scams typically involve impersonating officials to create urgency and deceive victims into transferring cryptocurrency.
The surge in scams highlights the need for increased awareness and security measures within the crypto community. Beyond financial losses, these incidents are eroding public trust and presenting challenges for regulators. South Korea is actively monitoring the situation and working on implementing stricter regulations to combat cybercrime.
South Korea Sees 6.6-Fold Rise in Crypto Voice Phishing Scams
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