AMLBot: 65% of Cryptocurrency Theft Cases in 2025 Driven by Social Engineering

Odaily News According to AMLBot monitoring, approximately two-thirds of cryptocurrency security incidents in 2025 were driven by social engineering rather than technical vulnerabilities.

A report released by AMLBot shows that 65% of the cases it reviewed last year involved access and response failures, including compromised devices, weak verification, and detection delays, rather than vulnerabilities in the blockchain or smart contracts themselves.

Among various types of fraud cases, investment scams accounted for the highest proportion at 25%; followed by phishing at 18%, and compromised devices at 13%. Over the past three months, attacks related to identity impersonation have led to the loss of at least $9 million in digital assets.

Slava Demchuk, CEO of AMLBot, stated that identity impersonation is the most destructive method in social engineering scams, with attackers often posing as exchange support teams, investment partners, or project managers. Users should be wary of urgent requests involving fund transfers or wallet access.