Heightened Crypto Scams During Holidays: Stay Alert

Crypto Scams Intensify During Holiday Season

Lionsgate Network has identified a sharp rise in online and crypto scams during the holiday season, exploiting increased shopping and digital activities.

The blockchain intelligence firm advises vigilance and stresses swift action when encountering fraud.

Scams Evolve with Greater Sophistication

While this trend is not new, Lionsgate Network reports that this year’s scams are faster and more sophisticated. Victims often lose assets before realizing something is amiss, as criminals use coordinated efforts, social engineering, and emotional manipulation.

Most scams originate on major social media platforms.

Fraudsters use friendly introductions, fake communities, or urgent messages to trick users into unsafe interactions. Scammers replicate real profiles and brands with precision, making early detection challenging.

Lionsgate warns that these tactics target human psychology more than technology. Simple trust or distraction can lead to exposure, highlighting the need for constant awareness.

Recognizing Red Flags

Scams often involve urgency, emotional pressure, or messages appearing from trusted sources. Red flags include suspicious giveaways, unexpected account alerts, and requests to move funds to a “safe wallet.”

Lionsgate’s “12 Scams of Christmas” checklist offers guidance on avoiding threats such as fake charity pages and fraudulent investment pitches.

Security experts stress the importance of verifying websites, avoiding unsolicited links, and using a VPN on public Wi-Fi. Fake recovery services often appear post-theft, exploiting panic.

Awareness, patience, and skepticism remain key defenses.