Blockchain analytics firm Chainalysis analyzed in a report that hacking incidents using social engineering techniques have significantly increased recently in the cryptocurrency industry. The report explained, "According to AMLBot data, the scale of cryptocurrency hacking damage last year was 17 billion dollars, and approximately 65% of this was related to social engineering techniques." It further warned, "As hacking techniques continue to evolve, users should reduce their reliance on SMS authentication and regularly check wallet permissions."
