From CoinTelegraph
June 10, 2025 07:53:00 AM:

The 2025 Anti-Scam Month Research Report reveals a 24% increase in global crypto scam losses, totaling $4.6 billion in 2024. 40% high-value fraud cases involved deepfake technologies, with scammers impersonating public figures to deceive users. AI-driven scams are on the rise, posing a significant threat in the crypto space.

Modern crypto scams consist of AI-generated deepfake impersonations, social engineering schemes, and Ponzi-style frauds. Deepfakes are particularly insidious, with scammers using fake video endorsements from public figures like Elon Musk and Singapore’s Prime Minister. These scams exploit public trust through social media platforms like Telegram.

As AI-powered scams become more advanced, users and platforms need smarter defenses. Fake job tests, phishing links, and deepfake videos make it challenging to spot fraud. Institutions should implement regular security training and technical defenses, while businesses are advised to run phishing simulations and build a security-first culture to prevent scams.

To combat AI-driven scams, Gracy recommends a three-step approach: verify, isolate, and slow down. Users should verify information from official sources, avoid links shared in chats, and use separate wallets when exploring new platforms. Vigilance, transparency, and verification are crucial in defending against AI scams in the crypto space.

Read more at Cointelegraph: 87 deepfake scam rings taken down across Asia in Q1 2025: Bitget report