A whaling attack targets high-value individuals or entities within the cryptocurrency space, such as wealthy investors or executives of cryptocurrency companies. Attackers aim to steal significant amounts of cryptocurrency by exploiting the targets’ sensitive information or access to their accounts.These attacks often involve social engineering techniques. For example, attackers may use impersonation, phishing emails, or direct communication to trick targets into revealing their private keys or login credentials. The goal is to gain access to wallets holding large sums or to manipulate the target into transferring funds.Whaling attacks can be highly sophisticated, utilizing personalized information about the target to increase credibility. Due to the irreversible nature of cryptocurrency transactions, once the funds are transferred, they are nearly impossible to recover. To protect against these attacks, individuals and organizations are advised to implement strong security measures, such as two-factor authentication, regular security audits, and ongoing education about potential threats. By remaining vigilant, users can better safeguard their assets from falling victim to these malicious schemes.