According to Jeff Lunglhofer, Coinbase’s chief information security officer, social engineering scams are currently the biggest threat to crypto users and holders.

Lunglhofer spoke to crypto.news in an interview about the rise of such scams, which are a threat to both novice and experienced crypto users.

Three ways to avoid social engineering scams
Lunglhofer emphasized that although these scams are not unique to the crypto sector, their frequency has increased over the past several years. He suggested two primary precautions to avoid crypto scams.