Crypto scams likely hit a new record in 2024, driven by ‘pig butchering' and AI, says Chainalysis
Crypto scam revenue is estimated to have hit record levels last year as cybercriminals leverage new technologies like AI and become more organized.
Crypto scams drain $10 billion from users in pig butchering, AI and illicit schemes
Pig butchering scams, in which individuals are targeted and defrauded by being convinced to invest in ponzi schemes via large scam compounds in Southeast Asia, led the scam economy with a 40% year-on-year increase in scam revenue. The report traced a 210% rise in deposits made by victims to illicit addresses traced to such schemes in 2024.
Crypto scams likely set new record in 2024 helped by AI, Chainalysis says
The rise of "pig butchering" scams and the increasing use of generative artificial intelligence likely lifted revenues from crypto scams to a record high in 2024, according to blockchain analytics firm Chainalysis.
Crypto Scam Revenue From ‘Pig Butchering,’ AI Schemes Likely Grew in 2024, Chainalysis Reports
Crypto scammers may have pocketed as much as a record $12.4 billion last year fueled, in part, by growth of so-called pig-butchering schemes,
AI-driven crypto scams could reach $15 billion in 2025, Chainalysis warns
On-chain analytics platform Chainalysis has warned that cryptocurrency scams could surge over the coming year with the support of artificial intelligence. According to a February 13 report from Chainalysis,
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Coinbase Q4 revenue surges 88% as Trump’s election boosts crypto prices
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Crypto Daybook Americas: Inflation Data May Shake Out Bitcoin's Doldrums as Demand for BTC Picks Up
You are viewing Crypto Daybook Americas, your new morning briefing on what happened in the crypto markets overnight and ...
AI has been a boon for crypto scammers
"GenAI is amplifying scams, the leading threat to financial institutions, by enabling high-fidelity, low-cost, and highly ...
Crypto bills stack up across the US, from Bitcoin reserves to task forces
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