Aaron Klotz reports:
2025 represented the largest increase in revenue generated by crypto scams to date with an estimated $17 billion stolen that year alone, Chainalysis reports. The rise of AI-generated deepfakes, phishing, AI-assisted pig butchering, impersonation (including governmental impersonation) and more have all contributed to 2025 being the biggest year for crypto scammers worldwide.
Chainanalysis recorded a 253% YoY increase in average payments from crypto scammers. An average payment in 2024 was worth $782, but in 2025, an average payment is worth $2,764.
In the firm's current analysis for 2025, cryptocurrency scams have received at least $14 billion recorded on blockchains, representing a 34% increase compared to 2024 which saw thefts total $9.9 billion for the lifetime of Chainalysis' tracking. However, due to timing issues between reporting periods, it is expected that the 2025 figure will exceed the aforementioned $17 billion figure.
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