#CryptoScamSurge Crypto scams are surging worldwide, fueled by generative AI and deepfake impersonations. In 2024, losses reached nearly $10 billion to $12 billion, driven largely by “pig butchering” and high-yield Ponzi schemes . Deepfake scams impersonating public figures accounted for about 40 % of large fraud cases, with 87 AI‑powered scam rings dismantled across Asia in Q1 2025 . Meanwhile, Kaspersky reported an 83 % spike in crypto‑phishing detection and a 3.6× rise in mobile banking malware targeting crypto users in 2024 . Experts warn scams could exceed $12 billion in 2025 as AI tools become more accessible.