The increasing rise of malicious actors has severely affected cryptocurrency investors as these cybercriminals use sophisticated techniques to target users’ assets.Īccording to Marc Rivero, an expert security researcher, individuals can take small measures to be vigilant and protect their resources from various online threats, such as malware, scams, and crypto-jacking. In contrast, only 8% of respondents above 55 (the baby boomer generation) were victims of such scams.Īlthough the average amount of stolen cryptocurrency was almost $100,000, some respondents reported losses of up to $1 million. Shockingly, 47% of respondents aged between 18 to 24 admitted to being lured by cryptocurrency scammers. Investors from generation Z were the most targeted and vulnerable group, despite being tech-savvy. The survey, which covered over 2,000 respondents, revealed that cryptocurrency thefts had cost victims an average of nearly $100,000.

The latest survey by Kaspersky, an expert cybersecurity firm, found that one-third of Americans have fallen victim to such scams.Ĭybercriminals Use Sophisticated Techniques To Target Users’ Assets Lawmakers, regulators, and industry participants are increasingly concerned about the rise in cryptocurrency scams.

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