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62% say crypto fraud is unacceptably high, CoinCover finds

Friday, June 27, 2025 — 16:31:51 (UTC)

Cardiff, UK – June 24, 2025—As the crypto industry stands at a crossroads between mass adoption and increased scrutiny, CoinCover, a leading provider of digital asset protection, has launched its new whitepaper titled ‘The Trust Factor,’ which uncovers the urgent public demand for smarter and stronger cryptocurrency regulation.

Amongst market volatility, high-profile collapses and renewed attention from global regulators, the whitepaper explores a timely and critical question, what will it take for trust to become crypto’s most valuable currency?

Based on a proprietary survey of 1,013 participants, 71% of whom have current or past crypto holdings, The Trust Factor reveals a growing consensus that regulatory clarity and investor protection are no longer optional, and are in fact essential to the industry's future.

Key findings from the survey include:

62% believe current levels of crypto-related fraud are unacceptably high and must be reduced.

79% support mandatory compensation schemes for crypto platforms to cover investor losses from hacks and technical failures.

53% emphasise an urgent need for solutions addressing inaccessible crypto assets due to lost wallet access or forgotten passwords.

67% would be more inclined to invest in cryptocurrencies if regulations mirrored traditional asset classes.

82% advocate for a global regulatory framework to provide consistent oversight within the crypto industry.

Anthony Yeung, CCO of CoinCover, commented, “As our research shows, the public is ready for crypto but only if it becomes safer, more transparent and more accountable. This isn’t just a call for regulation, it’s a call for progress and for frameworks that meet the unique demands of digital assets without stifling innovation.”

CoinCover’s whitepaper also presents valuable insights from influential pioneers and innovators in the cryptocurrency space, including:

Lucia Slater, Director at Web3 Policy Space

Dima Kats, CEO of Clear Junction

Anastasija Plotnikova, CEO and Co-founder of Fideum Group

Eneko Knorr, Co-Founder and CEO of Stabolut

David Janczewski, Founder of CoinCover

Leïla Nassiri-Jamet, Fractional General Counsel

Andy van Susteren - VP of Sales at MangoPay

Mark Walker - CEO and Editorial Director at the Fintech Times

While views on how to regulate vary, contributors agree on one thing: that without stronger protections, the industry risks losing the very trust it needs to grow.

The Trust Factor marks a moment in the conversations around crypto’s future. As regulatory frameworks evolve and investor expectations shift, CoinCover will continue to lead research and dialogues that champion safety and clarity across the digital asset ecosystem. The whitepaper is the first in a series of initiatives designed to inform policymakers and guide best practices, empowering people to participate in crypto with greater confidence.

Download the full whitepaper here: www.coincover.com/knowledge-hub/reports/the-trust-factor

***ENDS***

About CoinCover

CoinCover is a leading provider of digital asset disaster recovery, ensuring institutions and investors can operate securely without risk of loss. By combining advanced security technology with proactive fraud prevention, CoinCover eliminates the biggest barrier to mainstream crypto adoption: trust.

Founded in 2018, CoinCover pioneered the digital asset protection category and continues to set the industry standard. Today, it safeguards the assets and customers of over 550 of the most prominent names in the digital asset ecosystem, partnering with companies such as Fireblocks, Copper and Ledger, and providing end-to-end security against fraud threats, operational failures and accidental loss.

With ‘CoinCover Recover’ setting the industry standard for wallet key recovery, CoinCover ensures vital access to digital assets is never lost, mitigating operational risks and securing long-term resilience. ‘CoinCover Protect’ helps businesses prevent fraudulent and unauthorised activity before it happens, safeguarding their customers’ funds and maintaining platform integrity.

For more information, visit coincover.com

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Source: Company press release.

Categories: Reports and research