#CryptoScamSurge #CryptoScamSurge The surge in crypto scams has reached record levels, with 2024 seeing a significant increase in fraudulent activities driven by "pig butchering" scams and the use of artificial intelligence.

According to Chainalysis, crypto scam revenue hit $9.9 billion in 2024, with estimates suggesting it could rise to $12.4 billion as more scam wallets are identified.

The report highlights that pig butchering scams, which involve building relationships with victims before stealing their money, saw nearly a 40% year-over-year increase.

Additionally, the use of generative AI technology has enabled scammers to create realistic content and impersonate others, making these scams more convincing and harder to detect.