Definition ∞ Impersonation fraud is a deceptive practice where malicious actors falsely represent themselves as a trusted entity or individual to gain unauthorized access or illicitly acquire assets. In the digital asset sphere, this often involves mimicking exchange support staff, project developers, or prominent community figures. The objective is to trick victims into revealing sensitive information or sending funds to an attacker-controlled address.
Context ∞ Impersonation fraud remains a prevalent threat in the cryptocurrency community, frequently targeting users through social media, email, and messaging platforms. The pseudonymous nature of digital interactions can intensify the effectiveness of these schemes. Users are consistently advised to verify identities through official channels and remain skeptical of unsolicited requests for personal data or funds.
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