Holiday Fraud 2025: Gift Card Schemes Exploiting Seasonal Shopping

### Executive Summary: The report warns that the 2025 holiday season amplifies organized gift-card and prepaid-card fraud, detailing underground marketplaces (e.g., CytronGift, Card2Crypto), named actors (Cytron, Blenders, d0ctrine), and techniques such as large-scale liquidation to crypto and refund "double dip" scams; it highlights active forum-based knowledge sharing, the low-verification nature of prepaid instruments, and recommends transaction monitoring, vetting vendors, MFA for unusual transactions, and staff training to reduce exposure.