#CryptoScamSurge ⚠️ 1. Global Surge in Crypto Fraud & Theft

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2. AI & Deepfake-Driven Scams on the Rise

In Q1 2025 alone, 87 deepfake-powered scam rings were dismantled across Asia. Nearly 40% of high-value fraud cases in 2024 involved deepfakes, impersonating known public figures to advance scams .

Deepfake “giveaway” videos, fake influencers, and phishing bots are being deployed at scale, making scams much more convincing .

3. Pig-Butchering & Investment/Romance Scams

“Pig-butchering” scams continue to destroy fortunes. In 2024, they cost victims ~$5.5 billion across 200,000 cases, and they grew 40% year-over-year .

These scams mix romance, trust-building and high-yield investment promises, ultimately defrauding victims out of huge sums. Experts consider them among the worst risks to retail crypto users .

The COINZX fraud in Hyderabad/Mumbai targeted investors with fake returns on crypto, with police estimating Rs 200 crore (≈ $24M) in losses—authorities have arrested key suspects and launched probes .

A recent Telangana cyber task force uncovered a crypto-based “cyber-slavery” racket involving paid Chinese intermediaries funneling job-seeker commissions via crypto, exposing human exploitation tied to scams