Scammers and fraudsters increasingly used impersonation scams to steal crypto from unsuspecting users last year, with a 1400% year-over-year spike in cases, according to Chainalysis.
Impersonation scams involve fraudsters posing as a trusted person or organization in an effort to trick victims into handing over crypto, passwords, account access and other sensitive information.
In a crypto crime report on Tuesday, Chainalysis said fraudsters have been incorporating multiple tactics into their operations.
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