Crypto Wallet Scams Soar: DFPI Issues Alert Amid $330M Losses

A new wave of sophisticated crypto wallet scams targeting online influencers has prompted the California Department of Financial Protection and Innovation (DFPI) to issue a warning. Over $330 million was lost to these schemes in 2025 alone, with phishing attacks and fake airdrops playing key roles. As reported by sources like Google’s safety team, these scams are increasingly sophisticated, targeting prominent figures online. This comes on the heels of significant Bitcoin thefts reaching a staggering $330 million, highlighting the evolving tactics employed by scammers.

Government agencies are urging users to take proactive steps and enhance security measures in response to this surge in crypto scams. The impact is substantial, with losses reported across various platforms and regions.