Holiday Crypto Scams Surge Ahead of Black Friday and Christmas
Lionsgate Network recently noted a sharp uptick in online and crypto-related scams as the holiday shopping window opens, with fraudsters capitalizing on higher transaction volumes and distracted shoppers. According to the report, attackers are tailoring tactics to seasonal behavior—phishing messages tied to deals, fake payment requests, and fraudulent wallet links aimed at capturing funds or credentials.
This surge matters because crypto transfers are often irreversible and holiday shopping increases both first-time crypto users and high-frequency transactions, raising the risk of losses. Consumers and merchants should be extra vigilant: verify links and sender identities, use trusted platforms and wallets, enable security features like two-factor authentication, and educate teams and customers on common red flags. Heightened awareness during Black Friday and the weeks before Christmas will be key to limiting fraud exposure.