AI-based crypto scope 2024: $ 4.6 billion losses

Crypto losses from Deepfake identity theft, social engineering and ponzi schemes reach $ 4.6 billion.
Initiative for clarification about crypto fraud emphasizes technological defense and ekosystem-wide cooperation against AI-based threats.

Bitget, one of the world's leading web3 and cryptocurrency exchanges, has recently published Anti-scam message 2025 with Block time divided. The company found that the losses in connection with crypto fraud cases last year have increased significantly due to fraudulent tactics using artificial intelligence (AI).

The report comes just in time because Bitget celebrates its “anti-scam month”, a one-month initiative that aims to educate fraudulent activities in the crypto world and to raise awareness of it.

$ 4.6 billion crypto losses from AI-based fraud

According to Bitget, the Crypto loss by fraud in 2024 to $ 4.6 billion, which corresponds to an increase of 24 % compared to the previous year. The main causes for the incidents were Deepfake identity theft, social engineering strategies and ponzi schemas.

At the center of the trend was the intensive use of AI by the perpetrators to gain the trust of their victims and so easily persuade them. Instead of relying exclusively on traditional emails or calls to deceive their unsuspecting victims, the fraudsters used AI technology to lead fake video calls, often using synthetic images or illustrations of popular people or personalities of public life to easily lower the vigilance of their victims.

DeepFake-Botelle: Bitget)

From there, the criminals took the opportunity to pull off their stitch. Interestingly, you have also brought your information procurement to a completely new level.

In addition to the simple query of passwords via phishing, you now also use psychological tactics to uncover behavioral blind spots that you can potentially exploit to maximize your profits through manipulation and other advanced techniques that range from address poisoning to trojan injections.

Fraud: The biggest threat to cryptocurrencies

Gracy Chen, CEO of Bitget, warned that the greatest danger to the area of digital currencies is not in the inherent volatility of cryptocurrencies. It is the spread of fraud cases in this area. Therefore, your company has decided to declare an anti-fraud month throughout June.

The CEO explained that AI was cheaper, easier and faster. It is also more difficult to recognize. She therefore advised Krypto users to get better information and stay vigilant.

Crypto fraud with AI (source: bitget)

“At Bitget, we believe that fighting requires both technological strict and ekosystem -wide cooperation,” said Chen. “Our goal is to help users act smarter, not only faster.”

Arda Akartuna, Lead Crypto Threat Researcher at Elliptic in the APAC division, admitted that cybercriminals constantly develop in parallel to the innovations on the cryptom market. AI enables you to easily scale your activities with the growth of the industry. He therefore emphasized the commitment of his company to continuously improve cyber security and blockchain skills in order to counteract these threats.

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