Crypto scams are surging, with significant cases emerging recently. Here are some updates ¹ ² ³:

Recent Scams:

A $50 million OTC crypto scam involved tokens like $SUI , $NEAR , and Axelar, targeting venture groups, whales, and retail investors with promises of discounted prices on Telegram.

AI-powered scams are on the rise, with scammers using deepfakes to impersonate Ripple executives on YouTube, promoting fake $XRP giveaways and investment opportunities.

Google Forms are being exploited to steal cryptocurrency by mimicking legitimate investment opportunities.

Losses:

$3.1 billion was lost to crypto exploits and scams in the first half of 2025, highlighting systemic risks posed by evolving fraud tactics.

Warnings:

Ripple has issued urgent warnings to XRP holders about deepfake scams on YouTube, advising investors to verify communications through official channels.

Industry experts emphasize the importance of due diligence, urging investors to scrutinize platform regulation and recognize red flags like unregulated operations.

Recovery Efforts:

Recovery efforts are underway for victims of the $50 million OTC crypto scam, with wallet addresses linked to the scammer exposed and on-chain investigators tracking transactions.

To stay safe, prioritize verified platforms, employ security measures like two-factor authentication, and stay informed about emerging tactics ¹.

#CryptoScamSurge #AmericaAIActionPlan #BTRPreTGE #CryptoClarityAct