Crypto scams have surged to alarming levels, with losses reaching $4.6 billion in 2024, according to a report by Bitget. The scams are becoming increasingly sophisticated, utilizing AI-generated deepfakes to deceive victims. Some common tactics include ¹:
- *Deepfake Impersonations*: Scammers impersonate trusted figures in the crypto industry to build trust and credibility.
- *Social Engineering*: Scammers use emotional manipulation to trick victims into divulging sensitive information.
- *Ponzi Schemes*: Scammers disguise Ponzi schemes as legitimate DeFi or NFT projects.
Experts warn that the true figure could top $12 billion as investigations continue ¹.
