Chainplay: 83% of Crypto Investors Have Faced Scams or Hacks

Last Updated on April 3, 2025 by Michael Motha

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A recent study by Chainplay and Storible reveals that 83% of crypto investors have been scammed or hacked at least once, with average losses reaching $2,622 per victim. Exchange hacks have cost users over $27 billion, highlighting the persistent security risks in the crypto market. Crypto Fraud on the Rise: Investors Lose Billions to Hacks […]

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Michael Motha

Michael Motha is the Founder and Managing Director of CryptoNewsOnlineHub and works as a freelance Project Head. A crypto enthusiast and researcher, he focuses on blockchain trends, digital assets, and emerging crypto technologies. With an educational background in Physics, an MBA, and a B.Ed from Loyola College, Chennai, he aims to make complex crypto topics clear and accessible through insightful content.

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Tags: Bitcoin