Definition ∞ Phishing, in the digital asset space, involves deceptive practices aimed at tricking individuals into divulging sensitive information, such as private keys or login credentials, typically through fraudulent communications. These attacks exploit user trust to gain unauthorized access to digital wallets or exchange accounts, leading to the theft of digital assets. Vigilance against such social engineering tactics is paramount for user security.
Context ∞ Reports of phishing attacks are recurrent in crypto news, often detailing instances where users lose funds due to compromised websites, fake mobile applications, or malicious emails impersonating legitimate services. Awareness campaigns and the development of enhanced security protocols are ongoing efforts to combat this pervasive threat to digital asset holders.
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