#CryptoScamSurge

Crypto scam losses surged to $9.3 billion in 2024, a 66% increase from the previous year, with seniors being primary targets. AI-powered scams, including deepfakes and social engineering, are becoming more sophisticated. Key statistics include:

- $4.6 billion lost to AI-powered scams

- *245% surge* in deepfake scams

- *210% increase* in "pig butchering" scams, where scammers build trust before draining funds

- $7.1 million in crypto tied to a $97 million oil investment scam seized by US authorities

- $2.8 billion lost by victims aged 60 and older. Authorities are stepping up action against crypto-related fraud ¹ ² ³.