#CryptoScamSurge 6There are various reports on cryptocurrency scam losses, with differing figures. According to Chainalysis, crypto scam revenues reached $9.9 billion in 2024, projected to climb to $12.4 billion as more fraudulent activities are uncovered. This is echoed by another report stating crypto scams hit $12.4 billion in 2024, driven largely by AI-powered deception tactics.

Some key statistics include¹ ²:

- *Crypto Scam Losses:*

- $9.3 billion lost in 2024 in the US, a 66% increase from 2023, with seniors aged 60 and above being particularly vulnerable, losing over $2.8 billion.

- $2.3 billion in losses due to scams involving fake seed phrases and wallet traps.

- *Types of Scams:*

- *Pig Butchering Scams*: Fraud