Social Engineering Scams on the Rise in Crypto

[etfs]

Authorities warn that social engineering scams are increasingly targeting crypto holders. In a recent UK case, a scammer posing as a senior police officer tricked a victim into revealing their seed phrase, stealing $2.8 million in Bitcoin. Experts advise treating unsolicited calls or emails as potential scams and always verifying sources.

[Nahid Hossen]

$2.8M stolen in the UK Social engineering is scarier than hacks. If anyone asks for your seed, it’s a scam. Period.
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[Abdul Khan]

Impersonating police to steal Bitcoin… wild. Always verify sources — never share sensitive info over phone or email.