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#ADA  Today WOD. Theme Binance UI refined 7 letters. $BTC 

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#CryptoScamSurge How to identify a crypto scam Crypto scams can be difficult to spot. Here are our top tips for identifying, avoiding and reporting the most common cryptocurrency scams to ensure you and others don’t fall victim. Social media profiles: Lack of a profile picture, odd account names, or terminology in the comments on a social media post that “loves” or “thanks” the company for giveaway winnings. Social media comments: Social media comments are restricted or turned off altogether to discourage followers from commenting that it’s a scam. Crypto fraud websites: Links to a fraudulent website asking targets to send money. Crypto giveaway scams: In order to receive a reward, you must first send money via digital wallet, credit card, or otherwise. Suspicious wallet activity: Unfamiliar crypto assets or other digital tokens appear in your wallet. Unexpected communications: You are contacted unexpectedly or the message appears to be out of the blue. Promises of free crypto instantly:The request is “urgent” or you are being pressured to act quickly. Testimonials of others earning free crypto Fake testimonials : these can be particularly difficult to spot since scammers will use paid actors. Scammer websites: The website or content has spelling or grammar errors.#XRP $BTC

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#CryptoScamSurge AI-driven crypto scams set to surge in 2025 as fraud tactics evolve: As a tech journalist, Zul focuses on topics including cloud computing, cybersecurity, and disruptive technology in the enterprise industry. He has expertise in moderating webinars and presenting content on video, in addition to having a background in networking technology. Crypto scams are preparing for what could be their most successful year yet in 2025, with AI and scam-as-a-service operations making it easier than ever for fraudsters to deceive their victims. According to blockchain analytics corporation Chainalysis, generative AI is driving fraud by making it less expensive, more scalable, and harder to detect. In its Crypto Scam Revenue 2024 report, the company painted a concerning picture of how fraudsters are harnessing AI to push their schemes to new levels. “GenAI is amplifying scams, the leading threat to financial institutions, by enabling high-fidelity, low-cost, and highly scalable fraud that exploits human vulnerabilities,” said Elad Fouks, Chainalysis’ head of fraud products. He explained that AI-powered tools can create fake identities and synthetic content, allowing scammers to impersonate real users and bypass identity verification systems. Scam revenues soaring: Crypto scam revenue hit around $9.9 billion in 2024, with “pig butchering” scams – a type of investment fraud that builds trust over time – leading the pack. But that figure is expected to climb even higher, possibly topping $12 billion, as more fraudulent addresses come to light, Chainalysis noted. Behind this surge in scam sophistication is a shadowy support network that allows fraudsters to operate at scale. The report highlighted Huione Guarantee, a peer-to-peer (P2P) marketplace that provides legitimate services as well as tools and infrastructure used by scam networks. From 2021 to 2024, revenues from Huione’s scam-related service providers skyrocketed, growing at an exponential compound annual growth rate, according to Chainalysis. #TRX $BNB

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