In brief
- AI deepfakes of celebrities, government officials, and more accounted for 40% of “high-value” crypto fraud in 2024, a Bitget report claimed.
- Crypto scam losses reached $4.6 billion in 2024, representing a 24% increase from previous year.
- Social engineering schemes ranked as second-most dangerous crypto fraud method, followed by modern Ponzi schemes.
AI-generated deepfake impersonations of government officials, billionaires, and celebrities accounted for 40% of “high-value frauds” in 2024, a Bitget report revealed.
That same year, $4.6 billion in crypto was lost to scams, a 24% increase from the previous year, Bitget’s Anti-Scam Report 2025—co-authored with Slowmist and Elliptic—found.
“Crypto scams have entered a new…
Jul 13 2025
