Beware of Web 3.0 phishing scams! A summary of the methods and damage this year | KEKKAI CEO To Ma

The CEO of a Japanese Web 3.0 security company discusses emerging security issues

What is a phishing scam?

The cryptocurrency market has been particularly booming since the beginning of 2024. As a result, many Web 3.0 projects are taking advantage of this market and launching various airdrops and other measures.

It is precisely because of this timing of increased on-chain activity that one must be careful of "phishing scams".

Users dealing with DeFi, airdrops, and NFTs are particularly prone to falling victim to this scam. In many cases, almost all of the assets in the wallet will be stolen if they are victimized, so caution is required.

Also, as with traditional phishing scams, it is difficult for victims to notice that they have been victimized, and they often do not know immediately when the theft occurred.