Rising crypto scams lead to $2.3 billion in total losses in 2024

Oluwapelumi Adejumo

Cybersecurity company Kaspersky revealed that malicious actors have devised a new scam involving seed phrases to target unsuspecting crypto users, according to a Dec. 23 blog post. This sophisticated scheme preys on individuals’ curiosity and dishonesty, leading to financial losses for unsuspecting victims. How the scam works Seed phrases, crucial for recovering access to crypto […]

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Rising crypto scams lead to $2.3 billion in total losses in 2024