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Bitget’s New Report Reveals How AI-Powered Scams Netted $4.6 Billion in 2024


by Ikemefula Aruogu
for CoinEdition
The Bitget crypto exchange releases a new report on AI-powered scams and launches an "Anti-Scam Month" security initiative.
  • Bitget has released a new report finding that AI scams cost crypto users $4.6B in 2024.
  • The exchange has launched a month-long “Anti-Scam Month” to boost user awareness.
  • Bitget CEO Gracy Chen says the initiative is part of a core focus on security.

Bitget, the leading cryptocurrency exchange and Web3 company, in conjunction with blockchain security firms SlowMist and Elliptic, has released a 2025 Anti-Scam Research Report highlighting the roles of deepfake technology and social engineering in the growing trend of global crypto scam losses. 

According to Bitget’s report, crypto scam losses surged to $4.6 billion in 2024, with bad actors deploying the highlighted AI tools in most of the cases. The release of the 2025 Anti-Scam Research Report is closely aligned to Bitget’s “Anti-Scam Month,” a month-long security initiative designed to educate users and raise awareness about these emerging threats across the crypto ecosystem.

Bitget Report Reveals New Deepfake and Social Engineering Tactics

The published report marks the beginning of the Bitget Anti-Scam Month program and highlights the new trends in AI-powered scams. The scammers have moved beyond phis…

The post Bitget’s New Report Reveals How AI-Powered Scams Netted $4.6 Billion in 2024 appeared first on Coin Edition.

Read the article at CoinEdition

Read More

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Bitget’s New Report Reveals How AI-Powered Scams Netted $4.6 Billion in 2024


by Ikemefula Aruogu
for CoinEdition
The Bitget crypto exchange releases a new report on AI-powered scams and launches an "Anti-Scam Month" security initiative.
  • Bitget has released a new report finding that AI scams cost crypto users $4.6B in 2024.
  • The exchange has launched a month-long “Anti-Scam Month” to boost user awareness.
  • Bitget CEO Gracy Chen says the initiative is part of a core focus on security.

Bitget, the leading cryptocurrency exchange and Web3 company, in conjunction with blockchain security firms SlowMist and Elliptic, has released a 2025 Anti-Scam Research Report highlighting the roles of deepfake technology and social engineering in the growing trend of global crypto scam losses. 

According to Bitget’s report, crypto scam losses surged to $4.6 billion in 2024, with bad actors deploying the highlighted AI tools in most of the cases. The release of the 2025 Anti-Scam Research Report is closely aligned to Bitget’s “Anti-Scam Month,” a month-long security initiative designed to educate users and raise awareness about these emerging threats across the crypto ecosystem.

Bitget Report Reveals New Deepfake and Social Engineering Tactics

The published report marks the beginning of the Bitget Anti-Scam Month program and highlights the new trends in AI-powered scams. The scammers have moved beyond phis…

The post Bitget’s New Report Reveals How AI-Powered Scams Netted $4.6 Billion in 2024 appeared first on Coin Edition.

Read the article at CoinEdition

Read More

WazirX Gets a Second Chance as Court Allows a Revote on Its Restructuring Plan

WazirX Gets a Second Chance as Court Allows a Revote on Its Restructuring Plan

The Singapore High Court has overturned an earlier decision and has now approved a fr...
Hackers Steal $27 Million from BigONE Exchange Without Ever Touching a Private Key

Hackers Steal $27 Million from BigONE Exchange Without Ever Touching a Private Key

The global crypto exchange BigONE reported a $27 million loss on July 16 after a targ...