#CryptoScamSurge The term refers to the sharp rise in cryptocurrency scams, frauds, and thefts that have reached record-breaking levels in 2024–2025, driven by increasingly sophisticated tactics:

1. Explosive growth in thefts: In the first half of 2025 alone, more than $2.17 billion were stolen—surpassing the total for all of 2024. Major incidents include a Bybit mega‑heist and the CoinDCX breach in India.

2. Scams dominate investment losses: The FBI’s 2024 report estimates $9.3 billion lost in crypto-related scams—up 66% year-over-year—with approximately $5.8 billion from investment fraud like Ponzi and high-yield scams.

3. Pig butchering schemes explode: These sophisticated long-con scams grew nearly 40% in 2024, contributing over 33% of all crypto fraud revenue (e.g. ~ $5.5 billion on Ethereum alone in 2024).