Binance has been running monthly social engineering simulations on its employees for three to four years, according to its chief security officer Jimmy Su. In February 2025, AMLBot estimated that 65% of crypto security incidents were driven by social engineering. In April, Drift Protocol suffered a $285 million hack following a long-term social engineering campaign. Employees who repeatedly fail these simulations see their performance reviews negatively impacted, with sustained failures potentially leading to dismissal.
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