Crypto scammers are taking advantage of the AI-managed social engineering strategy to cheat users and get them out of their funds. The Crypto Exchange Bitgate exposed the growing crypto scams in its 2025 Anti-scam Research Report, compiling with the input of blockchain security firms, which slow and eggs. The report claimed that the estimated $ 4.6 billion (about Rs 39,364 crore) was lost to international crypto scams in the year 2024. Along with social engineering scams, the use of Deepfac Technologies has also gained momentum among scams.
CEO in Gracie Chen, Bett Said The AI has made the scam fast, cheaper and even difficult. For example, in social engineering scams, scammers use AI-borne fake stacking offers and fishing bots, which steal the victims to steal. The report mentions cases where Deepfek videos of public personalities such as Elon Musk and Singapore Prime Minister Li Hussian Long promoted fraud schemes on the Internet.
“The biggest threat to Crypto today is not volatility for Crypto – this is a deception,” Chen said in the report. “We believe that there is a requirement of both technical rigidity and ecosystem-wide cooperation to fight back.”
The report stated that fishing rings and fake staking daps are common strategies used by cyber criminals to target rapid victims. Scams are turning to deep imperfections and ponji plans, disguised as DEEP, NFT, or gamefi projects.
The report has warned the Crypto community to be cautious against being engaged with unknown or suspicious persons and services. It said that fraudsters can try to impress their goals using strategies including deception and manipulation. Fake mines exemption and aircraft nets are also being deployed by scammers to trap the potential victims.
The report suggested the crypto holders, “There is doubt about unwanted contact – whether linked, telegram, or email.” The trust is not earned only in crypto – it should be verified. “
With the progress in the overall blockchain and AI areas, the report advised individuals to verify the crypto-related information on social media. It states that persistent crypto users should bookmark official sites, use browser plugins such as scam sniper, and avoid connecting the wallet to unknown links.
“If you suspect that your device is infected, immediately disconnect the Internet, transfer money to a safe wallet, remove malicious programs, and if necessary, restore the operating system to reduce the loss,” the report states.
The report of Bittgate resonates with a one released by Chenlisis in February 2025, which stated that Generative Artificial Intelligence promoted last year’s record deficit from Crypto Scam. In fact, Channelis posted a high estimate of $ 9.9 billion (about Rs 85,996 crore) in its report.
Due to an increase in cyber crime events related to crypto, the web 3 firm are coming together to provide technical assistance to the community. Tron, Tether and TRM Labs have created a financial crime unit T3 Crypto theft to recover lost money in theft.
meanwhile, UK And India Law enforcement officers are also taking initiative to provide main technical knowledge to help cut off crimes related to crypto.