How scammers target crypto users during the holidays and how to stay protected

Why holidays attract crypto scammers

Fake tech support and recovery offers

After someone is scammed, another group of fraudsters may contact them and offer help to recover lost funds. They often pose as blockchain investigators or legal services.

Victims who are desperate to get their money back are tricked into paying additional fees or sharing sensitive information. These follow-up scams often appear right after holiday scam waves, when victims start searching for help online.

Did you know? In one UK-based case reported in 2025, a man and his wife had more than 250,000 pounds drained from their crypto wallet after being contacted by someone claiming to be from a cybercrime unit. The caller said their personal information was compromised. It was a “scare and impersonation” scam that combined trust abuse with pressure tactics.

How to stay protected from crypto scams during holidays

Stay alert this holiday season: Verify every offer, use only official apps, protect your keys, strengthen account security, think before acting on emotion, confirm charities and giveaways and stay informed to keep your crypto safe from scams.

Here’s how to stay protected:

Be suspicious of unsolicited offers: If someone you do not know offers an investment opportunity, claims you have won a prize or urges you to act fast, stop and verify the source before taking any action.
Use only official links and apps: Always download wallet or exchange apps directly from the company’s verified website or the official app stores. Avoid links in emails or social media messages.
Never share private keys or recovery phrases: No legitimate company or employee will ever ask for them. Keep them offline and secure.
Enable strong security: Use two-factor authentication (2FA), unique passwords and avoid using public WiFi for crypto transactions.
Be cautious of emotional manipulation: Scammers often build trust or use fear to pressure you into decisions. Take time to verify before sending any funds.
Double-check charities and giveaways: Donate only to verified organizations, and be wary of anyone promising to double your crypto.
Stay informed: Follow alerts from trusted financial authorities and cybersecurity agencies. Awareness is one of the best defenses.

The festive season should be about joy, not regret. By slowing down, verifying sources and recognizing red flags, you can enjoy your holidays without falling into a scammer’s trap.

This article is for educational purposes and is not financial or legal advice. If you suspect fraud, contact your exchange’s official support, report the scam to local authorities and preserve screenshots, addresses and transaction hashes.