🎩Social Engineering

Social Engineering in Cryptocurrency

In the realm of cryptocurrency, social engineering is a manipulation technique where hackers exploit human psychology rather than technological flaws to steal money or private data.

Typical Crypto Social Engineering Techniques

• Phishing Attacks: Users are tricked into disclosing private keys or login credentials through phony emails or fake websites.

• Impersonation Scams: Attackers pose as customer service representatives, influencers, or other reliable individuals to gain trust and deceive victims.

• Fear-Based Manipulation and Urgency: Messages such as "Your wallet is at risk!" or "Limited-time airdrop!" pressure users into making hasty, unverified actions.

• False Investment Schemes: Con artists lure victims into sending cryptocurrency to fictitious addresses by promising large returns.