According to Lex Sokolin, he shared a link titled How to stop scams in crypto 101 focused on reducing fraud in digital assets. source: Lex Sokolin on X, Aug 22, 2025 Crypto investment scam losses totaled $3.94 billion in 2023, underscoring material capital-at-risk for market participants. source: FBI Internet Crime Complaint Center (IC3) 2023 Annual Report On-chain illicit transaction volume reached $24.2 billion in 2023, with scams tracked as a key category by blockchain analytics. source: Chainalysis 2024 Crypto Crime Report Traders can lower exposure by verifying platforms and registrations, rejecting guaranteed-return pitches, and independently confirming wallet addresses and token contract details before transacting. source: U.S. CFTC Customer Advisories on digital assets Implementing strong authentication and anti-phishing practices reduces account-takeover risk during trading workflows. source: FBI public guidance on cryptocurrency investment scams; CISA phishing security guidance