#CryptoScamSurge Significant increase in cryptocurrency fraud. According to recent reports, cryptocurrency fraud has drastically increased, with losses reaching $4.6 billion in 2024, a 24% rise from the previous year. This increase is largely due to the use of increasingly sophisticated deepfake technology, which allows scammers to create highly convincing fake videos and audio ¹.

*Types of Fraud on the Rise:*

- *Deepfake*: Scammers use deepfake technology to create convincing fake videos and audio, often by impersonating famous figures or officials to deceive victims.

- *Rugpull*: Scammers create fake cryptocurrency projects, collect funds from investors, and then disappear with the money. In Q1 2025, losses due to rugpulls increased by 6,500% to nearly $6 billion.

- *Social Engineering*: Scammers use psychological manipulation tactics to gain the trust of victims and access sensitive information.

- *Ponzi Scheme*: Scammers promise high returns from cryptocurrency investments but actually pay early investors with money from new investors ² ¹.

*Tips to Avoid Fraud:*

- *Verify Information*: Make sure to verify information through official websites or trusted social media accounts.

- *Be Cautious with Links*: Do not click on untrusted links or download software from unclear sources.

- *Use Separate Wallets*: Use separate wallets for different cryptocurrency projects to reduce the risk of loss ¹.