Social engineering attacks were responsible for 65% of cryptocurrency thefts in 2025, leading to $17 billion in fraud losses, according to a Chainalysis report. These attacks exploit user trust and urgency rather than targeting blockchain technology directly. Common tactics include phishing, impersonation scams, SIM swapping, and AI-driven scams. Chainalysis highlighted that AI-enabled scams averaged $3.2 million per operation, significantly higher than traditional scams. The U.S. FBI reported 22,364 complaints related to AI-assisted crypto scams in 2025, with losses totaling $893 million. Users are advised to avoid SMS verification codes, verify identities through official channels, and regularly review wallet authorizations to mitigate risks.
Social Engineering Attacks Dominate Crypto Theft in 2025, Causing $17 Billion in Losses
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