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A new report reveals that crypto scams surged by 24% in 2024, with losses exceeding $4.6 billion. AI-powered deepfakes and social engineering tactics dominate the fraud landscape, targeting unsuspecting investors.
- Deepfake AI scams accounted for 40% of high-value frauds, including fake endorsements by figures like Elon Musk.
- Scammers are bypassing KYC checks, forging customer service chats, and simulating platform dashboards to appear legitimate.
- Bitget, SlowMist, and Elliptic launched a $300M Anti-Scam Hub to trace illicit funds and combat evolving fraud tactics.
📎 Related coverage from: cryptopotato.com
Related Tags: Elon Musk
Other Tags: Bitget, CryptoSlam, Elliptic, Euler Finance, Hong Kong, JPEX, SlowMist