WhiteBIT Report Highlights Social Engineering as Top Crypto Threat

WhiteBIT released a report on October 31st indicating that in 2025, social engineering scams became the predominant threat to crypto users, affecting 40.8% of security incidents.

These findings highlight the urgent need for enhanced security protocols and underscore the significant impact of human vulnerabilities over technological threats in the cryptocurrency sector.

2025 Crypto Threat: 40.8% Incidents from Social Engineering

WhiteBIT reported social engineering scams as the dominant crypto threat, accounting for 40.8% of all incidents in 2025, according to its compliance department. Messenger platforms like Telegram are heavily involved in these scams. This marks a shift from technical wallet attacks, which represent 33.7%.

WhiteBIT emphasized that proactive measures like two-factor authentication, secure wallets, and exchanges are critical in combating these threats. Meanwhile, the use of OSINT to uncover suspicious activities highlights the exchange’s commitment to user safety. As the WhiteBIT Compliance Department stressed, “Our approach goes beyond standard AML practices. We leverage OSINT to uncover suspicious activities meticulously, utilize custom-built monitoring systems to detect and halt fraudulent transactions, and conduct manual investigations to ensure detailed and accurate assessments of flagged cases.”

Government and industry leaders have called for enhanced regulatory measures to address the rise in crypto-related crimes. The exchange’s compliance team has echoed this sentiment, advocating for better practices in verifying URLs and secure interactions.

OSINT and Two-Factor Authentication Bolster Crypto Safety

Did you know? In 2024 alone, social engineering incidents accounted for over 40% of crypto security events, highlighting an increasing trend seen in the 2025 data reported by WhiteBIT, reinforcing the severity of human-targeted exploits.

Data from CoinMarketCap reveals that XRP is trading at $2.46 with a market cap of $147,586,109,389. Its price decreased by 6.43% in the past 24 hours but recorded a 2.48% rise over the past week. XRP holds a market dominance of 4.06%.

Coincu’s research team anticipates increased security collaborations worldwide, driven by the findings of such reports. As regulatory pressures mount, exchanges are likely to adopt even more sophisticated security protocols and technological advancements to stay ahead of cyber threats.