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The rise of artificial intelligence is fueling a sharp increase in crypto-related fraud, with deepfake technology driving a surge in sophisticated scams, according to a new report.
In the first quarter of 2025, at least 87 scam rings using AI-generated deepfakes were dismantled, according to the 2025 Anti-Scam Research Report co-authored by crypto exchange Bitget, blockchain security firm SlowMist, and analytics provider Elliptic.
The report also reveals crypto scams reached $4.6 billion in 2024, marking a 24% increase from the year before. Nearly 40%…
