A THIRD OF US CRYPTO HOLDERS HAVE EXPERIENCED THEFT: REPORT

The allure of cryptocurrency, with its promises of decentralized finance and potentially massive returns, has drawn millions into the digital asset realm.However, this burgeoning market comes with significant risks, as highlighted by a recent report from cybersecurity firm Kaspersky. Novo Nordisk Drops Price of Weight-Loss Drug Wegovy MaThe report paints a concerning picture: **a third of US crypto holders have experienced theft** or fallen victim to scams. A third of the crypto owners surveyed reported having crypto stolen, and an equal portion reported being victims of scams. Identity theft, theft of payment details, and loss of account access led the list of scam consequences. The average value of assets stolen was $97,583.This shocking statistic underscores the urgent need for enhanced security measures and greater awareness among crypto investors. 7.5M subscribers in the CryptoCurrency community. The leading community for cryptocurrency news, discussion, and analysis.Kaspersky's survey of 2,000 American adults revealed that approximately 30% of those who have ventured into the crypto world have suffered losses due to theft, while an equal percentage have been ensnared in fraudulent schemes.From identity theft to compromised payment details and lost account access, the consequences can be devastating, leading to substantial financial losses. Kaspersky surveyed 2,000 American adults to estimate that around 30% of those who have hopped on the crypto bandwagon had become victims of theft. The average value of the lost assets was nearly $100,000, while 15% of the respondents admitted parting with up to $1,000,000 worth of tokens.This article delves into the findings of the report, exploring the common types of crypto theft, the factors contributing to these incidents, and providing actionable steps individuals can take to protect their digital assets.Understanding these risks is crucial for anyone participating in the cryptocurrency market.

The Alarming Rise of Crypto Theft and Scams

Kaspersky's ""Crypto Threats 2025"" report sheds light on the vulnerabilities that plague the cryptocurrency landscape. Cybersecurity firm Kaspersky's new report on cryptocurrency risks revealed that 24% of U.S. adults own digital assets, with 36% of those aged 25-% of those aged 55. One-third of crypto owners reported theft, with an average value of $97,583. Lax security habits were also uncovered, with 27% storing crypto in an exchange account and only 34% using multi-factor authentication.The survey data reveals a stark reality: a significant portion of crypto owners in the United States have directly experienced the dark side of digital finance. A third of US crypto holders have experienced theft: ReportFor Indians Invest in crypto currency SIP for huge returns check out link nowIt's not just about market volatility; it's about outright theft and sophisticated scams designed to defraud unsuspecting individuals. One-third of the polled crypto owners claimed they had experienced theft at some point, and a similar percentage of respondents said they had fallen prey to con artists. Respondents listed loss of access to their accounts, hacks, and theft of both identity and payment details as the most common experiences.The report surveyed 2,000 adults and showed the problems go deeper than just market risks.

The Prevalence of Crypto-Related Crimes

One of the most unsettling findings is that approximately one-third of crypto owners reported having their cryptocurrency stolen at some point. A third of respondents who said they own or have owned cryptocurrency or other crypto assets said they have fallen victim to a fraudulent crypto-related website, app or investment scam at some point. Among those victims, 19% said they experienced identity theft as a result, while 27% had payment details stolen and money taken from their bankThis statistic is further compounded by the fact that an equal proportion of respondents admitted to falling victim to crypto-related scams. A third of US crypto holders have experienced theft: ReportThese scams take various forms, from fraudulent websites and investment schemes to phishing attacks that target sensitive personal and financial information.

Common Types of Crypto Theft

The Kaspersky report identifies several common ways in which crypto holders lose their assets:

• Identity Theft: Criminals steal personal information to access and drain crypto accounts.
• Theft of Payment Details: Payment information is compromised, leading to unauthorized transactions and theft of funds.
• Loss of Account Access: Hackers gain control of crypto wallets or exchange accounts, locking out the legitimate owner.
• Fraudulent Websites and Apps: Fake websites and apps are designed to mimic legitimate platforms, tricking users into entering their credentials or transferring funds.
• Investment Scams: Scammers lure investors with promises of high returns through fake investment opportunities.

The Financial Impact of Crypto Theft

The Kaspersky report highlights not only the frequency of crypto theft but also the significant financial impact on victims. A third of US crypto holders have experienced theft: Report News crypto Bitcoin cryptocurrencies CybersecurityThe average value of stolen assets was alarmingly high, underscoring the potential for substantial losses in the crypto market.

Average Loss Amounts

The average value of assets stolen from crypto holders was nearly $100,000 ($97,583). Cybersecurity services provider Kaspersky has released a report on risks associated with cryptocurrency use. The report titled Crypto Threats 2025 focused on the United States and uncovered some surprisingly poor user security habits. Kaspersky surveyed 2,000 American adults in October 2025 and fThis average is significantly skewed by a small number of very large thefts. The report did not specify the average value of crypto holdings. Related: Beware of fake Arbitrum airdrops, community warns. Lax security might account for many of the losses experienced by respondents. The survey found that crypto owners last checked on their crypto six weeks ago, and their accounts have minimal protection:The median figure is likely much lower.

The Range of Losses

While the average loss was substantial, the actual amount varied widely among victims.Fifteen percent of respondents admitted to losing up to $1,000,000 worth of tokens.However, the report also indicated that 39% of thefts were valued at $1,000 or less, while 29% were valued above $10,000.This suggests that while large-scale thefts do occur, smaller thefts are more common.

Factors Contributing to Crypto Vulnerability

Several factors contribute to the vulnerability of crypto holders to theft and scams. A third of respondents who own or have owned cryptocurrency or other crypto assets said they have fallen victim to a fraudulent crypto-related website or investment scam. Among those victims, 19% experienced identity theft, and 27% had payment details stolen and money taken from their bank account. Age differences 36% of respondentsThese include lax security habits, a lack of awareness about potential risks, and the inherent complexities of the cryptocurrency ecosystem.

Lax Security Habits

The Kaspersky report uncovered some surprisingly poor security habits among crypto holders.A significant percentage of respondents were found to be neglecting basic security measures, making them easy targets for cybercriminals.

• Storing Crypto on Exchanges: 27% of respondents admitted to storing their cryptocurrency in an exchange account. A third of US crypto holders have experienced theft: ReportSource: CointelegraphPublished onWhile exchanges can be convenient, they are also attractive targets for hackers.Keeping large amounts of crypto on an exchange is generally not recommended.
• Lack of Multi-Factor Authentication: Only 34% of respondents reported using multi-factor authentication (MFA).MFA adds an extra layer of security, making it much harder for hackers to access accounts even if they have the password.
• Infrequent Monitoring: The survey found that many crypto owners last checked on their crypto holdings six weeks ago. The median figure would be much lower, however, since only 29% of thefts were valued above $10,000, and 39% were valued at $1,000 or less. Here, too, there was a sharp differentiation by age, with 47% of those ages 18 24 reporting thefts of crypto, compared to 8% of those over 55. The report did not specify the average value of crypto holdings.Regular monitoring is crucial for detecting suspicious activity and responding quickly to potential threats.
• No Protection Measures: Shockingly, 10% of crypto holders surveyed made no attempt at protecting their assets.

Lack of Awareness

Many crypto investors, particularly those new to the market, may not be fully aware of the risks involved. A third of US crypto holders have experienced theft: Report 10% of crypto holders surveyed made no attempt at protecting their assets; victimization varied strongly by age. Cybersecurity services provider Kaspersky has released a report on risks associated with cryptocurrency use.They may not understand how to identify phishing scams, secure their wallets, or protect their personal information. A third of the crypto owners surveyed reported having crypto stolen, and an equal portion reported being victims of scams. Identity theft, theft of payment details and loss of account access ledThis lack of awareness makes them more susceptible to being victimized.

Complexity of the Crypto Ecosystem

The cryptocurrency ecosystem can be complex and confusing, especially for newcomers.Understanding the technical aspects of blockchain technology, wallets, exchanges, and smart contracts can be challenging. Kaspersky, a cybersecurity services provider has recently shared an eye-opening report that involves cryptocurrencies and the people of the United States. The report released by the service provider is pertaining to the risks that involve cryptocurrencies and their usage. Crypto Threats 2025 The report shared by Kaspersky has stressed the locals living in the UnitedThis complexity can make it difficult for individuals to make informed decisions and protect themselves from scams.

Age Differences in Crypto Theft

The Kaspersky report also revealed significant age differences in the prevalence of crypto theft.Younger crypto holders were found to be more likely to experience theft than older investors.This may be due to a combination of factors, including greater risk-taking behavior and less experience in identifying scams.

Younger Investors at Higher Risk

The report indicated that 47% of those ages 18-24 reported thefts of crypto, compared to only 8% of those over 55.This suggests that younger investors are disproportionately affected by crypto theft.One potential explanation is that younger investors are more likely to engage in risky behaviors, such as using unregulated exchanges or participating in speculative investment schemes.They also might be more comfortable with technology in general, but less educated about security risks.

Older Investors' Experience and Caution

Older investors, on the other hand, may be more cautious and have more experience in identifying scams.They may also be more likely to use traditional financial institutions and adhere to stricter security protocols.In addition, they may have less exposure to the more volatile corners of the crypto market.These factors may contribute to their lower risk of experiencing crypto theft.

How to Protect Your Cryptocurrency Assets

Despite the risks associated with cryptocurrency, there are several steps individuals can take to protect their digital assets and minimize their chances of becoming a victim of theft or scams.These measures include implementing strong security practices, staying informed about potential threats, and exercising caution when making investment decisions.

Implement Strong Security Practices

Implementing strong security practices is essential for protecting your cryptocurrency assets.This includes using strong passwords, enabling multi-factor authentication, and keeping your software up to date.

• Use Strong, Unique Passwords: Use strong, unique passwords for all your crypto accounts.Avoid using easily guessable passwords or reusing passwords across multiple accounts.A password manager can help you create and store strong passwords.
• Enable Multi-Factor Authentication (MFA): Enable MFA on all your crypto accounts.MFA adds an extra layer of security by requiring you to enter a code from your phone or another device in addition to your password.
• Keep Your Software Up to Date: Keep your operating system, antivirus software, and crypto wallets up to date.Software updates often include security patches that can protect you from known vulnerabilities.
• Use a Hardware Wallet: For long-term storage of cryptocurrency, consider using a hardware wallet.Hardware wallets store your private keys offline, making them much more resistant to hacking attempts.

Stay Informed About Potential Threats

Staying informed about potential threats is crucial for avoiding scams and protecting your assets.Be aware of common phishing techniques, investment scams, and other fraudulent schemes.

• Be Wary of Phishing Attacks: Be wary of emails, messages, or phone calls that ask for your personal information or crypto wallet credentials.Phishing attacks are designed to trick you into revealing sensitive information.
• Research Investment Opportunities: Before investing in any cryptocurrency or ICO, do your research.Be skeptical of promises of high returns and avoid investing in projects you don't understand.
• Use Reputable Exchanges: Only use reputable and well-established cryptocurrency exchanges.Unregulated exchanges may be more likely to be involved in fraud or scams.
• Beware of Airdrop Scams: Be cautious about unsolicited airdrops of new tokens.Many airdrops are scams designed to steal your private keys or personal information.

Exercise Caution When Making Investment Decisions

Exercise caution when making investment decisions.Avoid investing more than you can afford to lose and be skeptical of promises of guaranteed profits.The crypto market is highly volatile and risky.

• Diversify Your Investments: Don't put all your eggs in one basket.Diversify your investments across multiple cryptocurrencies and asset classes.
• Set Realistic Expectations: Be realistic about the potential returns of cryptocurrency investments.Avoid getting caught up in hype and unrealistic expectations.
• Don't Invest More Than You Can Afford to Lose: Only invest money you can afford to lose.Cryptocurrency investments are highly speculative and there is a risk of losing your entire investment.

The Role of Cybersecurity Companies

Cybersecurity companies like Kaspersky play a vital role in protecting individuals and organizations from crypto-related threats.These companies provide security solutions, threat intelligence, and educational resources to help individuals stay safe in the digital world.Kaspersky's report, for example, serves as a valuable resource for raising awareness about the risks of crypto theft and scams.

Proactive Security Measures

Cybersecurity companies offer a range of security solutions, including antivirus software, firewalls, and intrusion detection systems.These solutions can help protect against malware, phishing attacks, and other cyber threats.It's crucial to install reliable security software and keep it updated to protect your devices and data.

Threat Intelligence and Research

Cybersecurity companies also provide threat intelligence and research to help individuals stay informed about the latest threats and vulnerabilities.They monitor the digital landscape for emerging threats and provide insights to help individuals protect themselves.Staying informed about the latest threats is crucial for avoiding scams and protecting your assets.

Educational Resources

Cybersecurity companies often offer educational resources, such as blog posts, articles, and webinars, to help individuals learn about cybersecurity best practices.These resources can help you understand how to protect your personal information, secure your devices, and avoid scams.Taking advantage of these resources can significantly enhance your security posture.

Looking Ahead: Future of Crypto Security

As the cryptocurrency market continues to evolve, so too will the threats associated with it.It is crucial to remain vigilant and adapt security practices to stay ahead of emerging threats.The future of crypto security will likely involve advancements in technology, greater regulatory oversight, and increased collaboration between industry stakeholders.

Technological Advancements

Technological advancements, such as improved encryption, biometric authentication, and artificial intelligence, will play a key role in enhancing crypto security.These technologies can help protect against unauthorized access, detect fraudulent activity, and improve overall security.

Regulatory Oversight

Increased regulatory oversight can help to establish standards and guidelines for the cryptocurrency market, reducing the risk of fraud and scams.Regulation can also provide greater consumer protection and improve the overall stability of the market.

Industry Collaboration

Increased collaboration between industry stakeholders, including cryptocurrency exchanges, wallet providers, and cybersecurity companies, is essential for improving crypto security.By sharing information and working together, these stakeholders can help to identify and mitigate emerging threats more effectively.

Conclusion: Protecting Your Digital Assets in a Risky Landscape

The Kaspersky report serves as a stark reminder of the risks associated with cryptocurrency.The fact that **a third of US crypto holders have experienced theft** underscores the need for heightened security measures and increased awareness among investors.From identity theft and payment details compromise to sophisticated scams and account hacks, the potential for financial loss is significant.By implementing strong security practices, staying informed about potential threats, and exercising caution when making investment decisions, individuals can significantly reduce their risk of becoming a victim.The crypto landscape is constantly evolving, and so too must our approach to security.It's not enough to simply buy and hold; active participation in securing your digital assets is now a fundamental responsibility for every crypto holder.Remember to use strong passwords, enable multi-factor authentication, and be extremely cautious of phishing attempts and investment scams.By taking these steps, you can protect your hard-earned cryptocurrency and navigate the digital asset world with greater confidence and security.Don't become another statistic – take control of your crypto security today.