#CryptoScamSurge It appears the hashtag #CryptoScamSurge reflects a significant and coordinated rise in cryptocurrency scams globally. Here's a comprehensive overview of what’s happened—and how to stay protected.
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📈 Surge in Crypto Scams: What’s Driving It?
Global Trends & AI-Powered Advances
Crypto scams globally caused losses of approx. $4.6 billion in 2024, up 24% year-over-year, with deepfake and social engineering attacks driving much of this surge .
Chainalysis reports nearly $9.9 billion stolen in 2024, with predictions of over $12 billion once more addresses are tracked—and notes scammers are using generative AI to create realistic scams at scale .
In Q1 2025 alone, $200 million in losses were tied directly to AI-enhanced scams, including deepfake-driven frauds impersonating crypto figures .
Supporting this, over 87 deepfake scam rings were dismantled in Asia during Q1 2025 .
Massive Losses in Early 2025
According to CertiK’s Hack3d Report, $2.47 billion in cryptocurrency was stolen during the first half of 2025, already exceeding all losses for 2024 .
Major incidents like the Bybit breach and Cetus Protocol exploit accounted for $1.78 billion of that total .
Wallet compromises made up approximately $1.7 billion, and phishing alone caused $410 million in losses across 132 incidents .
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🇮🇳 Crypto Scam Rise in India
COINZX fraud involved approximately ₹200 crore (~$24 million) in deceptive crypto investments; police actions are ongoing in Mumbai and Hyderabad .
A CBI bust in January 2025 uncovered a nationwide crypto Ponzi scam involving over ₹350 crore (~$42 million) and