Bitget Report: $4.6 Billion Lost in AI-Linked Crypto Scams in 2024

The allure of crypto promised financial freedom, but a new breed of scammers is exploiting this promise. Using artificial intelligence (AI), these criminals are creating increasingly sophisticated scams that often go undetected and cause significant losses. In 2024 alone, $4.6 billion disappeared due to AI-powered fraud, according to Bitget’s recent report. The report highlights the surge in deepfakes, fake job offers, and fraudulent DeFi projects as contributing factors to this trend.