#CryptoScamSurge

Cryptocurrency scams have surged in recent years, with 2024 marking a record high and 2025 projected to continue this trend. Here's a concise overview based on available data:2024 Scam Revenue: Crypto scams generated an estimated $9.9 billion in 2024, a 24% increase from the previous year, with projections suggesting a potential rise to $12.4 billion as more scam wallets are identified.

Dominant Scam Types:Pig Butchering: Romance-based scams where fraudsters build trust to lure victims into fake investments, contributing nearly 40% of 2024’s scam revenue.

AI-Driven Scams: Generative AI, including deepfakes, fueled scams by creating realistic fake identities, websites, and content. In 2024, 40% of high-value fraud cases involved deepfake tech, with AI service vendors seeing 1,900% revenue growth.

High-Yield Investment Scams: Promises of outsized returns led to significant losses, with $5.81 billion lost in 2024.

Crypto Drainers and Phishing: Fake blockchain projects and phishing attacks stole $494 million and $410 million, respectively, in 2024.

2025 Outlook: Scams are expected to escalate, driven by AI-powered tools and professional scam networks like Huione Guarantee, which processed $70 billion in crypto transactions since 2021.

Theft Surge: Crypto thefts in 2025 have already hit $2.5 billion in the first half, surpassing 2024’s total, with personal wallet compromises leading at $1.7 billion.

Vulnerable Groups: Seniors over 60 lost $2.84 billion in 2024, a 71% increase, while younger investors also faced significant losses.