Fake Airdrop Scams Cost Users Billions in 2024-25

- Fake airdrop scams targeting Hamster Kombat and Wall Street Pepe cost users millions. - Crypto scams caused over $9.9 billion in global losses during 2024 and 2025. On June 8, 2025, Cointelegraph reported that fake airdrop scams targeting popular projects, such as Hamster Kombat and Wall Street Pepe, caused millions in user losses during 2024 and 2025. According to Cointelegraph, these fraudulent schemes also significantly contributed to a cumulative global loss from various crypto scams exceeding $9.9 billion during these two years. To execute these fake airdrops, scammers impersonated legitimate crypto projects. This deception tricked users into actions that led to the theft of their cryptocurrency, such as revealing private keys, signing malicious contracts, or paying upfront fees.