#CryptoScamSurge what is this thing now ?

Why it's trending now

Massive increase in scam losses

In 2024, crypto scam losses ranged from $4.6 billion to as high as $14.5 billion-showing growth of 23-24% compared to 2023. Chainalysis projects even more in 2025 (possibly over $12 billion), and the first half of 2025 alone has already seen over $2.17 billion in reported losses

Highly publicized breaches

A major driver of the surge was the ByBit cold-wallet hack (~$1.46 billion stolen), alongside other high-profile exploits like the CoinDCX breach in India

Emerging deepfake & Al scams

Fraudsters are leveraging Al-especially deepfake videos-to impersonate crypto leaders. Reports indicate 245% growth in deepfake frauds in 2024, with regulators warning these tactics are rapidly evolving

Fake giveaway schemes

Scammers impersonate crypto brands or executives (e.g., Ripple's Garlinghouse) with fake "token giveaw↓ on platforms like YouTube