According to the source, five major crypto scams circulating in 2025 are advanced phishing, rug pulls, impersonation, AI deepfakes, and fake support schemes. Scams remained the largest crypto-crime category by revenue in 2023, underscoring phishing’s outsized impact on trader losses, according to Chainalysis’ 2024 Crypto Crime Report. Rug pulls and exit scams continued to drive significant DeFi losses, reinforcing the need for contract due diligence, according to CertiK’s 2023 Web3 Security Report. Impersonation and fake customer support commonly begin on social media and messaging apps, with crypto investment scams among the top sources of reported consumer losses, according to the U.S. Federal Trade Commission’s 2023 Data Spotlight. Threat actors are increasingly using AI-generated audio and video to impersonate trusted figures and solicit transfers, according to FBI Internet Crime Complaint Center advisories from 2023–2024. Traders should harden operations by verifying URLs, using hardware wallets, and regularly revoking risky token approvals to limit PnL-impacting unauthorized transfers, according to Etherscan’s Token Approval Checker documentation and SlowMist security guidance.

According to Richard Teng, scammers are impersonating official Binance support to deceive users into sending face videos or scanning malicious QR codes, which can compromise account access and lead to crypto asset theft. Binance urges traders to remain vigilant, report suspicious activity, and avoid sharing sensitive information to protect holdings on the platform. This security threat highlights the importance of stringent authentication practices for all crypto traders seeking to safeguard their digital assets (Source: Richard Teng on Twitter, Binance Security Blog).