Two out of Three Targeted! Survey of 296 Individuals on Cryptocurrency Phishing

Clabo Inc. (Headquarters: Minato-ku, Tokyo; Representative Director: Ikuma Ueno) conducted a survey on the "Status of Phishing Scam Encounters and Defense Measures" targeting 296 individuals with cryptocurrency experience.

The survey results revealed a serious situation where approximately 68% of users have encountered phishing scams or fake websites, with the proportion reaching 80% among those in their 30s.

While many holders prevent damage by noticing "unnatural Japanese (56.8%)" or "cross-referencing with official information," about 30% feel that fake sites are "indistinguishable from official sites." This highlights the current situation where the increasing sophistication of impersonation due to advancements in AI technology is threatening users' visual judgment.

This report analyzes in detail the differences in risk avoidance capabilities based on years of investment experience, household income, and occupation, and emphasizes the importance of improving literacy by abandoning overconfidence in convenience and checking primary sources.

**■ Survey Overview** Survey Date: February 24, 2026 Survey Method: Internet survey Target Audience: Men and women residing in Japan (with cryptocurrency experience) Valid Responses: 296 people Implementing Organization: Clabo Inc.

**■ Survey Content** ## The Threat of Sophisticated Phishing Targeting Cryptocurrency Users ### Two out of Three Holders Encounter Scams Approximately 68% of cryptocurrency users have encountered phishing scams or fake websites.

More than 26% of users have experienced scams "multiple times," highlighting the reality that attacks have become commonplace. The current situation, where two out of three holders are targeted, indicates that the risk is extremely close at hand.

Inducements via social media and email are cleverly blended into daily information gathering processes.

It is an essential quality for modern operators to always have a sense of crisis that "I am also being targeted." The first step to protecting assets is to recognize that such attacks are not special events but occur daily.

Even those who have not encountered scams are actually targeted by scams.