Solana’s Yakovenko calls phishing crypto’s biggest threat

Solana co-founder Anatoly Yakovenko has warned that phishing and social engineering pose the biggest threat to crypto users, recommending a dedicated iOS device in Lockdown Mode paired with a multisignature wallet as a low-cost security setup. Summary Yakovenko named phishing and social engineering as the main threats facing people holding cryptocurrency. His suggested setup combines a dedicated iOS device, Apple’s Lockdown Mode, and a multisignature wallet. Binance says fake interviews and compromised developer software helped attackers reach its wallet signing systems. Chainalysis recorded $713 million in personal wallet theft during 2025, affecting at least 80,000 victims. According to Yakovenko’s post on X, the most pressing danger comes from deceiving people, “not AI breaking math or quantum computers.” His comments follow two major exchange security incidents within days of each other. Binance reported $6.34 billion in affected assets after its Oct. 29 attack, while Mercado Bitcoin suspended deposits and withdrawals after detecting a breach on Nov. 2. Binance describes how fake interviews reached wallet systems Binance’s account of its attack describes a months-long operation...