According to Gracy Chen @Bitget, Bitget has launched its #BitgetAntiScamMonth campaign in June 2025, encouraging traders to enhance their scam detection skills and adopt proactive security measures (source: Twitter @GracyBitget, June 3, 2025). This initiative aims to raise awareness about crypto scams, which is crucial for active traders seeking to protect their assets during volatile market conditions. Bitget’s campaign is expected to boost user confidence and may lead to increased trading volume as participants feel more secure on the platform.

According to André Dragosch, PhD (@Andre_Dragosch), concerns have been raised regarding the legitimacy of a cryptocurrency-related offer showcased in a screenshot posted on May 27, 2025. The post highlights potential scam indicators including unsolicited offers, requests for private keys, and unrealistic returns, all of which are frequently associated with crypto fraud according to industry watchdogs (source: André Dragosch, Twitter, 2025-05-27). Traders are advised to exercise caution, verify the authenticity of offers, and avoid engaging with platforms or individuals lacking transparency. This incident underscores the ongoing risks in the digital asset market, reinforcing the importance of robust due diligence to protect against trading losses and scams.

According to KookCapitalLLC on Twitter, the original $ZEUS token demonstrates significantly stronger trading metrics compared to its impostor version, with 4000 holders versus 1700, 5600 X mentions versus 600, and a 24-hour trading volume of $2.8 million compared to $1 million for the impostor token (source: twitter.com/KookCapitalLLC/status/1927090279900647590). These concrete metrics suggest robust market support and real community engagement for the legitimate $ZEUS, highlighting the importance for traders to verify contract addresses (e.g., 0x4D4574f50dd8B9dBe623cF329DCc78D76935E610) before trading. This trading-oriented information indicates that original tokens with larger, active communities and higher liquidity are likely to show more resilience and long-term upside potential, while impostor tokens often underperform.

According to @manueldelrio, a recent wallet hack resulted in the loss of several thousand PepeCoin (PEPE) and BasedAI (BASED) tokens, while $BCRED and $BASED rewards remained secure due to enhanced protection measures (source: @manueldelrio on Twitter, 2024-06-20). This incident highlights ongoing vulnerabilities in common wallet infrastructures and underscores the importance of robust security protocols for traders. Crypto traders should note that tokens with advanced security features or reward mechanisms may offer better protection against hacks. These developments reinforce the urgent need for enhanced wallet security practices and could influence market sentiment and trading behaviors for PEPE, BASED, and similar assets.

According to Richard Teng, ensuring crypto security starts with individual responsibility. He highlights three essential self-custody practices for traders: always verify links to avoid phishing, double-check sources even when trusted, and never share your seed phrase. These steps are critical as increasing phishing attacks and scams directly impact the safety of digital assets and trading portfolios. Adhering to these security protocols can reduce the risk of loss and ensure long-term portfolio protection in the volatile crypto market (Source: @_RichardTeng on Twitter, May 16, 2025).

According to @CryptoKing, traders should prioritize large cap cryptocurrencies with strong communities and real utility for better 5x–10x trading opportunities, as these assets historically outperform small cap coins in both safety and growth potential. @CryptoKing emphasizes that the misconception of needing to buy sub-$1M market cap coins for major gains leads to higher risk of losses, while established large caps offer a more reliable path to significant returns (Source: @CryptoKing on Twitter). This insight is critical for traders aiming to maximize gains while minimizing risk in the current volatile crypto market.

According to Flood (@ThinkingUSD) on Twitter, projections indicate a continued increase in crypto-related crime throughout the next decade, emphasizing the urgent need for traders and investors to prioritize personal and asset security to mitigate risks associated with cryptocurrency theft and scams (source: Flood Twitter, May 4, 2025). This highlights the importance of integrating advanced security protocols, multi-factor authentication, and cold storage solutions into trading strategies to protect digital holdings in volatile markets.

According to Milk Road (@MilkRoadDaily), a prevalent crypto scam involves scammers sending random tokens to users, and when users attempt to sell these unsolicited tokens, their wallets can be drained due to malicious smart contract interactions. Traders should be cautious and avoid interacting with unknown or suspicious tokens, as this scam has become one of the most common threats to crypto asset safety (source: Milk Road, April 29, 2025).

According to Richard Teng, SMS spoofing is a growing threat where scammers send fake texts that appear in the same thread as legitimate messages, potentially tricking users into revealing sensitive information. Traders should remain vigilant and verify any suspicious communications, especially those asking for personal or financial details. For more tips on staying safe, visit Binance's blog.

According to Richard Teng, Binance's risk management team has successfully traced and recovered stolen funds, ensuring users' assets are protected. This incident underscores the importance of robust security measures in the crypto space, particularly for traders and investors who prioritize safety alongside profitability.

According to Lookonchain, a trader lost $1.82M due to phishing transaction signatures. This incident underscores the importance of double-checking transactions, regularly reviewing and revoking token approvals, using secure wallets, avoiding phishing websites, and being wary of unsolicited messages or unknown airdrops to safeguard assets.

According to Crypto Rover, New York has introduced a new bill aimed at criminalizing crypto fraud and 'rug pulls' to protect investors. This legislative move underscores the state's commitment to combating fraudulent activities within the cryptocurrency space, ensuring a safer trading environment.

According to ZachXBT, the OKX compliance team has efficiently worked on multiple cases ensuring prompt return of stolen funds to victims. The effectiveness of these operations relies on the rapid reporting of illicit transactions and the use of compliance tools to flag suspicious addresses. ZachXBT emphasizes that delays in reporting or unflagged addresses in compliance tools could shift responsibility towards victims or law enforcement, rather than the exchange. This highlights the importance of timely action and robust compliance checks for trading safety.