BEAMSTART Logo

HomeNews

What is social engineering in crypto (and how to protect yourself)?

Coin Telegraph LogoCoin Telegraph14h ago

What is social engineering in crypto (and how to protect yourself)? - Coin Telegraph

Quick Summary:

Common types of social engineering scams in crypto Scammers target crypto users via phishing, impersonation, giveaway and romance scams, and fake investment platforms.

The combination of psychological manipulation, technical complexity and the irreversible nature of crypto transactions makes crypto users particularly susceptible to these types of scams. Below are the key factors that explain why social engineering is so effective in the crypto environment:Fear and urgency: Crypto scams often create a sense of urgency to pressure victims into acting quickly.

Onchain analyst ZachXBT uncovered an additional $45 million stolen from Coinbase users in early May 2025 through social engineering scams — a tactic he says is uniquely prevalent on the platform compared to other crypto exchanges.

More Pictures

What is social engineering in crypto (and how to protect yourself)? - Coin Telegraph (Picture 1)

or

Article Details

Author / Journalist: Cointelegraph by SK Arora

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-12 @ 10:10:00 (14 hours ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 767 words

Reading Time: 5 minutes read

Sentences: 38 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 28602856

View Article Analysis

About Coin Telegraph

Coin Telegraph Logo

Main Topics: Crypto

Official Website: cointelegraph.com

Update Frequency: 27 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 7 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #11

Publisher Details

Frequently Asked Questions

How long will it take to read this news story?

The story "What is social engineering in crypto (and how to protect yourself)?" has 767 words across 38 sentences, which will take approximately 4 - 7 minutes for the average person to read.

Which news outlet covered this story?

The story "What is social engineering in crypto (and how to protect yourself)?" was covered 14 hours ago by Coin Telegraph, a news publisher based in United States.

How trustworthy is 'Coin Telegraph' news outlet?

Coin Telegraph is a fully independent (privately-owned) news outlet established in 2013 that covers mostly crypto news.

The outlet is headquartered in United States and publishes an average of 27 news stories per day.

It's most recent story was published 7 hours ago.

What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
  • News ID: #28602856
  • URL: https://web17077.beamstart.com/news/what-is-social-engineering-in-17470416531737

BEAMSTART

BEAMSTART is a global entrepreneurship community, serving as a catalyst for innovation and collaboration. With a mission to empower entrepreneurs, we offer exclusive deals with savings totaling over $1,000,000, curated news, events, and a vast investor database. Through our portal, we aim to foster a supportive ecosystem where like-minded individuals can connect and create opportunities for growth and success.

Our Company

© Copyright 2025 BEAMSTART. All Rights Reserved.