#CryptoScamSurge Crypto scams have surged dramatically, with global losses reaching $4.6 billion in 2024, according to a report by Bitget, SlowMist, and Elliptic. The main culprit behind this surge is AI-powered deepfakes, which are becoming increasingly sophisticated and harder to detect.

- *Deepfake Impersonations*: Scammers use AI-generated deepfakes to impersonate public figures, founders, and platform executives to deceive users.

- *Social Engineering Schemes*: Scammers manipulate individuals into divulging sensitive information or transferring funds.

- *Ponzi-style Frauds*: Scammers disguise their schemes as DeFi or GameFi projects, promising unusually high returns.