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Cybercriminals are now impersonating blockchain security firms to steal crypto assets and frame victims, making recovery harder. May 2025 saw $244 million in losses, pushing year-to-date thefts past $2 billion. Experts warn of fake tools and deceptive profiles used to exploit panicked users.
- Scammers impersonate security firms to steal crypto and frame victims, complicating legal recovery.
- Fake tools mimic platforms like Revoke, while fraudulent accounts copy experts like ZachXBT for credibility.
- Attackers plant misleading evidence to implicate victims, slowing law enforcement and adding trauma.
📎 Related coverage from: cryptoslate.com