Crypto scams get smarter with AI: How to protect your money

SCAMMERS ARE USING AI TO MAKE THEIR TRICKS CONVINCING, TRACKS HIDDEN

- BY JUSTIN VARGHESE

Scammers are stepping up their game, and now they’re using artificial intelligence to do it.

That’s the key takeaway from the 2025 Anti-Scam Research Report released by Bitget, a global crypto exchange, in partnership with blockchain security firms SlowMist and Elliptic. According to the report, global losses from crypto scams hit a staggering $4.6 billion in 2024.

Gone are the days when phishing emails were the main threat. Scams now include fake Zoom calls, deepfake videos of well-known personalities, and even bogus job offers with malware hidden in them.

The report identifies three major scam tactics: deepfake impersonations, social engineering, and Ponzi-style projects.