#CryptoScamSurge There's been a huge surge in crypto scams recently! In the first quarter of 2025, crypto rugpulls wiped out nearly $6 billion, which is a whopping 6,500% increase from the same period last year. This is largely due to a single massive scam, the Mantra incident, which accounted for 92% of those losses.
What's even more alarming is the rise of AI-powered scams. According to a 2025 report, AI deepfakes fueled a $4.6 billion surge in crypto scams in 2024. Scammers are using sophisticated tactics like deepfake impersonations, social engineering, and Ponzi schemes disguised as DeFi or NFT projects.
To stay safe, verify information through official websites or trusted social media accounts, isolate risky actions by using separate wallets, and slow down when exploring new platforms. Stay vigilant out there ¹ ² ³!