A stark warning to the crypto community: hackers have changed their game. In August, they stole $163 million by abandoning technical hacks for sophisticated confidence tricks, leading to a 15% monthly increase in losses.
The most devastating example was a targeted social engineering attack where scammers, posing as exchange and wallet support, convinced a user to surrender 783 Bitcoin—valued at $91 million.
PeckShield’s data confirms this is part of a new strategy focusing on high-value targets on centralized services. This serves as a critical reminder that the greatest vulnerability in crypto is often human, not digital. Always verify support contacts independently.
