Definition ∞ A phishing scam is a fraudulent attempt to acquire sensitive information, such as usernames, passwords, or private keys, by impersonating a trustworthy entity. In the digital asset space, this often involves deceptive emails, websites, or social media messages designed to trick individuals into divulging their credentials or sending funds to malicious actors. Such scams exploit user trust to perpetrate theft. The success of these schemes relies on social engineering tactics.
Context ∞ Phishing scams remain a persistent threat within the cryptocurrency ecosystem, frequently highlighted in security advisories and news reports detailing user losses. The sophistication of these attacks continues to increase, posing challenges for both individual users and platform operators. Awareness and robust security practices are paramount for mitigating the risks associated with these deceptive schemes.
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