AI-related fraud in 2024 led to $ 4.6 billion in crypto losses, according to Bitget report

• Bitget has published their anti-fraud research report 2025 in cooperation with the blockchain security companies Slowmist and Elliptic.

• The publication marks the official start of Bitgets Anti Scam Month, a one -month initiative that is devoted to the security education in the entire ecosystem.

The evolution of crypto frauds

The limitless nature of cryptocurrencies is also its greatest strength and its greatest risk. While decentralized protocols now bind over $ 98 billion in total and increases institutional participation, the same technologies that drive innovations also enable a new generation of crypto fraud.

This is no longer the rudimentary phishing attempts of the past. The cycle 2023-2025 has experienced a dramatic escalation with regard to the extent and sophistication. In 2024 alone, global crypto users lost over $ 4.6 billion due to frauds-an increase in 24 % in the annual comparison (Chainalysis, crypto crime report 2025). From Deepfake-based identity thefts to adult ponzi systems that are disguised as “staking rewards”, fraudsters today use AI, psychological manipulation and social platforms to deceive even the most experienced users.

Three main categories of fraud stitches

The report shows how AI-supported fraud stitches go beyond phishing emails and now also include fake zoom calls, synthetic videos of public life and trojan personalities. The most important results of the report include Three main categories of fraud stitchesthat were identified as the main causes of losses: Deepfake identity theft, social engineering fraud and ponzi (pyramids)-similar projects that are hidden behind defi or NFT branding. It is also described how stolen means over Cross-Chain-Bridges and veiling tools are forwarded before they reach blender or stock exchanges, which makes it difficult to prosecute and the replacement.

Further insights include case studies on significant fraud cases in Hong Kong, the increasing use of Telegram and X (Twitter) comment areas as entry points for phishing as well as the continued growth professionally managed, cross -border -operating fraudulent rings.

„The greatest danger to crypto is not the volatility, but fraud. AI made fraud faster, cheaper and more difficult to recognize,”Said Gracy Chen, CEO from Bitget. “At Bitget, we are convinced that resistance requires both technological strict and company -wide cooperation. For this reason, Bitget has declared an anti-fraud month throughout June-an initiative to improve industry standards and to sensitize users. Our goal is to help users trade smarter, not only faster,“

added.