How Scammers Target Crypto Users During The Holidays And How To...

The holiday season is supposed to be about rest, family and celebration. Unfortunately, it is also one of the busiest times of the year for cybercriminals.

Scammers take advantage of increased online shopping, festive promotions and emotional spending to trick people into handing over their money.

For cryptocurrency users, these scams can be especially damaging because crypto transfers are typically irreversible. Scammers know crypto transactions are irreversible, and many people are still learning how to handle their assets safely.

So, how do scammers target crypto users during the holidays, and what tactics do they use?

During the holidays, several conditions make scams easier to carry out and harder to detect.

First, people spend more time online. Between online shopping, travel bookings and festive social media activity, users see more ads and messages than usual. Scammers use this extra noise to slip in fraudulent links or fake offers.

Second, emotions run high. People are more generous, optimistic and sometimes stressed. Scammers know emotions can cloud judgment. They exploit this by offering “holiday bonuses,” “Christmas giveaways” or “year-end investment opportunities” that sound time-sensitive and exciting.

Third, people are distracted. With busy schedules and celebrations, fewer users take the time to verify links, apps or wallet addresses. A small lapse in attention can lead to significant crypto losses.

From phishing emails and fake wallet apps to bogus token sales and romance scams, criminals ramp up schemes during the holidays, targeting users with promises of bonuses, investments and love, all to steal crypto.

Phishing scams remain one of the top ways criminals steal crypto. During the holidays, they often disguise phishing attempts as promotions or account alerts.

Source: CoinTelegraph