Catherine Coley: Crypto Is Less Scary Than Halloween

Because it's October, I want to talk about the scariest thing in the crypto world: being tricked by scams.

In July, hackers made off with roughly $120,000 in cryptocurrency after hacking major verified Twitter accounts.

Given the size, scale and sophistication of the June Twitter hack, it's a relief to learn that the hackers' payoff was relatively limited: Millions of people saw the fraudulent tweets, but only 400 deposited funds with the criminals.

The last thing I want is to intimidate you and make you believe that there's a scammer behind every email.

A closer look at July's Twitter hack is useful here.

The July hack was more than "Just" a giveaway exploit.

An educated audience makes it harder for scammers to operate, and their return on scamming is shrinking.

In 2020, are crypto scams on their way out? I wish they were.

With more awareness around crypto and your safety, scams may grow scarcer by the day, but they're still out there.

The perpetrators of the July 2020 Twitter hack were arrested and charged within two weeks.