75% of People in Their 20s Targeted! The Reality of Cryptocurrency Fraud Targeting Young People

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Press Release Information Title: 75% of People in Their 20s Targeted! The Reality of Cryptocurrency Fraud Targeting Young People Subtitle: Company Name: Industry: Body (first 8000 characters): Cryptocurrency Investor Survey | 61.4% Encounter Fraud, 75.2% of Those in Their 20s Exposed to Damage | Clabo Inc.

Clabo Inc. (Head Office: Minato-ku, Tokyo, Representative Director: Ikuma Ueno) conducted a "Survey on the Reality of Fraud/Phishing Damage and Security Awareness" targeting 746 cryptocurrency investors.

The survey results revealed a serious reality: 61.4% of all investors have encountered some form of fraud or phishing, and 14.1% (about 1 in 7 people) have actually suffered financial losses.

Particularly, among those in their 20s, 75.2% have encountered fraud and 20.9% have experienced damage, highlighting the current situation where the digital native generation is more susceptible to sophisticated schemes.

This report provides a detailed explanation of the current situation where about 80% of SNS users routinely witness fraudulent posts, and the diversifying crime tactics such as fake DMs, romance scams, and Approve scams.

In a cryptocurrency market where the overconfidence of "I'll be fine" is no longer valid, we present specific defensive perspectives on how users should identify risks and protect their valuable assets.

View the full survey results

Survey Details

61.4% of investors encountered fraud, 14.1% lost funds

Cryptocurrency Investor Survey | 61.4% Encounter Fraud, 75.2% of Those in Their 20s Exposed to Damage | Clabo Inc.

Reality: Over 60% Encounter Some Form of Fraud

The results of a survey targeting 746 cryptocurrency investors revealed that 61.4% of the total, or 458 people, have experienced encountering some form of fraud or phishing.

Only 38.6% of investors responded "never encountered," indicating that encountering fraud has become almost an unavoidable rite of passage for operating assets in this market.

In proportion to the expansion of the market size, the target audience of criminal groups continues to broaden.

It is no exaggeration to say that investors are routinely attacked through multiple channels such as SNS DMs, emails, and fake websites.

From the data, the perception that "suspicious communications won't come to me" seems to be unfounded.

Seriousness: 14.1% Actually Lost Funds

Particularly noteworthy is that 14.1% of respondents, or 105 people, answered that they "actually lost funds."

This calculates to about 1 in 7 people suffering actual financial damage due to fraud.

The focus of vigilance has shifted from "whether one will encounter" to "when one will be targeted."

The structure where inducements to SNS investment schemes account for 20.4% and access to fake websites accounts for 15.0% also indicates that the damage is not accidental but structurally occurring.

To minimize damage, strengthening literacy beforehand and thoroughly implementing operational rules to block suspicious contacts are indispensable.

Approve Scam 11.4% – Emergence of a New Threat

Particularly vigilant attention is needed for the "Approve scam," which abuses wallet permissions.

In this survey, 11.4% of respondents, or 85 people, have encountered it, indicating that damage is occurring on a scale that cannot be ignored.

This method involves seizing the authority to withdraw assets from a wallet through a signature request on a fake website.

A characteristic of this scam is that victims often realize the damage late, as assets are drained without the user's awareness once approval is given.

Investors who do not understand the technical mechanisms are particularly susceptible, and learning the meaning of contract approval screens is becoming an essential skill for asset protection.

Fraud Type Ranking – Fake DMs and SNS Investment Schemes are the Two Major Tactics

Fake DMs Top at 27.4% – Mass Targeting Type

The most frequent type of fraud/phishing encountered was "fake DMs," experienced by 27.4%.

More than 1 in 4 investors have received direct solicitations from impersonating accounts on messaging services such as X (formerly Twitter), LINE, and Telegram.

Fake DMs are the lowest-cost method for attackers and can reach an unspecified large number of people.

They are often cleverly disguised to be difficult to distinguish at first glance, impersonating official accounts or using celebrity photos.

The first line of defense is to thoroughly implement the basic action of never opening links contained in unsolicited DMs.

SNS Investment Schemes 20.4% – Increasing Sophistication of Impersonating Influencers

20.4% of respondents, or 152 people, reported being "invited to an SNS investment scheme."

Attractive investment information displayed on timelines and solicitations containing phrases like "guaranteed profits" are one of the most common threats to investors.

Especially during periods when the market is on an uptrend.