#CryptoScamSurge Cryptocurrency scams are a severe global issue, and they are projected to surge further by 2025. The rise of Artificial Intelligence (AI) and 'scam-as-a-service' models has made it easier, more affordable, and harder for fraudsters to detect.
According to Chainalysis reports, crypto scams generated approximately $9.9 billion in 2024, a figure that could exceed $12 billion in 2025. Scams like "pig butchering," which involve building long-term relationships to gain trust before defrauding victims, account for a significant portion of this fraud. In countries like Bangladesh, where crypto transactions are largely unregulated, fraudsters exploit these loopholes. Theft from personal wallets and social engineering tactics are key drivers of this increase. Investors must remain extremely vigilant and use only reputable platforms.