USA: Association of security experts sees crypto fraud as a great threat to investors
- The North American Securities Administrators Association Nasaa holds Kr KRYpto fraud by social media in 2025 for perhaps the greatest danger for investors. dar.
- MPs in New York are pushing for the draft law A06515 for the introduction of strict punishments for crypto fraud.
In the world of digital investments, fantasies can become nightmares in a few seconds. The investors are even more at risk because a current one Message The North American Securities Administrators Association (NASAA) showed that fraud with crypto systems and social media have increased significantly.
The fraudsters use social media, instant messaging and now also AI to deceive possible victims, and constantly change their techniques. They design fake investment plans based on phishing that promise big returns, produce videos to create credibility and attack digital wallets with phishing techniques.
Crypto fraud skims high
The authorities also noticed this phenomenon. In February, the FBI published an urgent warning of fraud against cryptocurrencies. It found numerous procedures: phishing campaigns that aim at sensitive investment data, manipulations of the token price and fraud on snowball systems. One thing is particularly important for the FBI: never let yourself be tempted by promises about quick money, without thorough research.
Conversely, the authorities in South Korea are already on. In November 2024, the police arrested 215 people who were accused of being involved in a crypto investment fraud worth $ 320 billion.
It was found that the syndicate sold 28 different tokens on more than 15,000 people with the promise of large returns. The syndicate had originally fled to Australia, the leader was finally delivered and is currently under indictment.
Social media: new field of activity for crypto criminals
It is difficult to deny that social media are an ideal intimate market for target group marketing. Unfortunately, these platforms have also turned into a paradise for fraudsters.
According to NASAA, 31.7 % of crypto fraud cases on Facebook and X started, while another 31.3 % about messaging applications such as Telegram and whatsapp were handled. In fact, 19 % of the fraud cases found were related to short video material, including Instagram Reels and Tiktok.
Ironically, many victims were outwit because they felt “close” to the perpetrators. With the help of social engineering methods, the fraudsters initially build personal relationships and then persuade the victims to invest. Many of them believed someone who seemed trustworthy to them due to “recommendations”, so they ended up lost their savings.
Countermeasure tightening: New York urges stricter crypto laws
In the middle of the increase in crime, the legal measures begin to tighten. According to CNF, the legislators in New York debate the A06515 draft law introduced by Clyde Vanel to combat fraud in the crypto sector. The measure aims to introduce new clauses in the Criminal Code, which deal with digital assets in particular with fraud cases.
The draft law mainly deals with criminal sanctions for those who are involved in the theft of private keys and other dishonest actions in connection with transactions with virtual tokens. In view of the growing acceptance of cryptocurrencies, this regulation is considered essential for building a safer ecosystem.
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