Crypto, ai and scam

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 Scam Revenue From ‘Pig Butchering,’ AI Schemes Likely Grew in 2024, Chainalysis Reports
Fraudsters raked in at least $9.9 billion and possibly as much as $12.4 billion with their methods becoming more “professionalized.”
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 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.
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,
Cryptocurrency scams on the rise: Beware of social media investment traps
(WJAR) — Investing in cryptocurrency could yield huge returns. But it's also a huge gamble. Bentley University professor and ...
FOX61 on MSN1d
Investigators recover most of $225K Willimantic resident lost in crypto scam
Investigators recovered about 1.77 Bitcoin, which is around $180,000. The victim lost over $225,000 in the scam.
Peoria woman lost thousands to Bitcoin ATM fraud, a new bill hopes to stop it
Arizona is looking to crack down on Bitcoin ATM scams, something that has been becoming more and more popular among scammers ...
KTXS9d
Scam alert: Brown County warns against phone calls demanding cash for missed court dates
The Brown County Sheriff's office is warning residents about a phone scam that has hit residents ... instructed to deposit the money and to buy Bitcoin or other cryptocurrencies.
Cryptopolitan on MSN6d
Arizona wants to crack down on Bitcoin ATM fraud in new bill
Arizona has taken the initiative to curb scams and frauds in Bitcoin ATMs, a menace that has been growing over the last few ...
The Hindu11d
Bitcoin scam: In two years SIT recovers 9.19 mBTC valued at ₹77,460
The Special Investigation Team (SIT) of the Criminal Investigation Department (CID), which has been probing the bitcoin scam, has made little progress in recovering the cryptocurrency over the ...