This story was originally published on HackerNoon at: https://hackernoon.com/social-engineering-in-crypto-or-you-can-be-your-worst-enemy.
Crypto scams often trick users, not code. Learn how social engineering works and how to protect yourself from wallet-draining traps.
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In 2024, crypto users lost around $9.9 billion to crypto-related scams, according to Chainalysis. Social engineering is a type of manipulation that tricks people into giving away sensitive information. In the world of crypto, that’s a dangerous mix.