Crypto Scams Persist Despite Market Slump

[ed]

Even amid broader crypto market weakness, scams remain persistent. According to Deddy Lavid, CEO of cybersecurity firm Cyvers, fraudulent schemes don’t disappear in bear markets — they simply evolve.

“When speculation drops, opportunistic hacks may slow, but social-engineering and impersonation scams often increase,” he explained, noting that anxious investors may be more vulnerable to fear-based tactics like fake compliance letters.

Ledger has faced multiple data leaks since 2020, while Trezor disclosed a breach in early 2024 affecting tens of thousands of users. From counterfeit devices to fake apps and now physical QR-code letters, attackers continue adapting their methods — reinforcing a critical rule for crypto holders: never share your recovery phrase under any circumstances.

[cryptobro]

lol people still falling for fake letters in 2026, smh, just stop sharing your seed phrases