5 ‘insidious’ crypto scams to watch out for this year

Crypto hacking techniques haven’t advanced much, but they’ve become far more cunning, warns SlowMist’s head of operations.

Crypto users faced a rise in “psychologically manipulative” attacks in the second quarter as hackers dreamt up advanced and creative ways to try and steal crypto, according to blockchain security firm SlowMist.

SlowMist’s head of operations, Lisa, said in the firm’s Q2 MistTrack Stolen Fund Analysis report that while it didn’t see an advancement in hacking techniques, the scams have become more sophisticated, with a rise in fake browser extensions, tampered hardware wallets and social engineering attacks.

“Looking back on Q2, one trend stands out: attackers’ methods may not be getting technically more advanced, but they are becoming more psychologically manipulative.”