Fraud in the world of cryptocurrencies caused massive losses amounting to nearly 6 billion dollars in the first quarter of 2025, an increase of up to 6,500% compared to the same period last year, when losses were only recorded at 90 million dollars.

According to a report by DappRadar, 92% of these losses are related to the 'Mantra Platform' incident, which is considered one of the largest frauds in recent years. Despite these staggering losses, the recurrence of fraud incidents witnessed a decrease of 66%, with only seven incidents reported in 2025 compared to 21 incidents in the same period last year.

The report also indicates that irregular activity on some platforms, such as the number of transactions dropping to zero on certain days, raises concerns about potential data manipulation, suggesting the possibility of manipulation of the activity of some platforms to make them appear more active than they actually are.