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Rising crypto scams lead to $2.3 billion in total losses in 2024

  • Rising crypto scams have resulted in $2.3 billion in total losses in 2024.
  • Scammers are manipulating seed phrases to target unsuspecting crypto users.
  • The scam involves posing as inexperienced users seeking help and luring victims into accessing valuable wallets.
  • Different attack schemes, including access control breaches and smart contract exploits, have contributed to the increasing losses.

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