Crypto scams likely hit a new record in 2024, driven by ‘pig butchering’ and AI, says Chainalysi,
* A report by Chainalysis released Thursday estimated that cryptocurrency scams amounted to $9.9 billion in 2024, with that figure likely to be revised higher.
* Revenue from “pig butchering,” a type of romance and investment scam, grew nearly 40% year over year.
* Scammers are using generative AI technology to facilitate crypto scams, which often entails scammers using the tech to impersonate others or generate realistic content.
This is not financial advice (No BSH recommendation). Hence please do your own research (DYOR).
