Over 70% of Crypto Users Have Never Lost Assets to Phishing or Hacks: Survey
Crypto isn’t just a playground for hackers wiping out investors’ cash.
A WalletConnect survey published Thursday found that more than 72% of crypto wallet owners in the US and UK said they’ve never experienced losses from phishing or hacks.
The anonymous survey, conducted between Jan. 23 and Feb. 6, 2024 along with YouGov, collected 299 responses from individuals aged 18 and above who possess at least one wallet.
WalletConnect’s survey segmented participants into distinct groups. These include The Newbie—individuals who established their first crypto wallet in 2023; the DeFi DeGen—those involved in DeFi activities within the last three months; the NFT Nerd—individuals who engaged in NFT buying, trading, or selling within the same timeframe; and the Cryptonaut—those who held more than two wallets and actively explored new crypto opportunities.
The largest subgroup identified was the Trader Type, comprising individuals who participated in buying, selling, and trading crypto assets within the last three months.
Less than 30% of participants reported experiencing crypto losses from malware, phishing, or wallet issues. However, this figure rose to 49% for Cryptonauts and surged to 58% for DeFi Degens.
Different subgroups display varying outlooks for the future of phishing attacks increasing, with DeFi Degens exhibiting more optimism. Meanwhile, Cryptonauts and NFT Nerds anticipate an increase in the number of attacks.
This suggests diverse sentiments within crypto user communities, presenting an opportunity for industry leaders to proactively address cybersecurity issues, according to the WalletConnect team.
Persistent cyber attacks pose an ongoing challenge for the cryptocurrency industry, contributing to regulatory skepticism
