AI-Powered Crypto Scams Are on the Rise

The rapid growth of artificial intelligence has opened the door to both opportunity and risk, especially in the world of cryptocurrency.
In the past year, AI-enhanced scams targeting crypto users have risen sharply, with global losses topping $10.7 billion in 2024 alone.
According to the New York Post, global crypto scams have risen over 456% between May 2024 and April 2025.
The technology behind deepfakes, voice cloning, and automated phishing has made it easier for scammers to appear legitimate, and harder for users to tell the difference.
As these tools become more sophisticated, choosing the right Bitcoin wallet isn’t just about convenience anymore. It’s also about security. Many investors are often asking themselves which is the best Bitcoin wallet to use now?
How AI Is Used in Crypto Scams
Deepfake Videos
AI-generated videos are being used to impersonate well-known figures, often promoting fake giveaways or airdrops. These are commonly posted on social media platforms and appear highly realistic, sometimes even including voice imitation and synced facial expressions.
Voice Cloning
With just a few seconds of audio, scammers can replicate someone’s voice. This has been used in cases where individuals receive a call that sounds like a friend or relative urgently requesting crypto. The goal is to convince users to send funds or share access details.
Targeted Phishing
Phishing scams have become more personalized thanks to AI-generated messages tailored to specific users. By analyzing public social media profiles and online activity, scammers can craft emails and direct messages that feel highly credible and relevant.
Fake Customer Support Pages
Another tactic involves impersonating official wallet or exchange websites. Many have received emails claiming to be from CoinBase support for example, asking you to click on a specific link. Do not trust these emails.
Some even run ads on search engines that lead to fake platforms asking users to “verify” their wallet by entering their seed phrase. Once entered, funds are immediately drained.
How to Protect Yourself
Here are some best practices that can reduce your risk:
- Bookmark official sites and avoid clicking on wallet links from ads or email messages. Once a website is bookmarked it will return you to that site rather than a different site, it’s also faster and safer than typing in the website address.
- Never share your seed phrase, especially not on a website, over the phone, or in a chat. It seems fairly obvious, never share it.
- Verify identities through multiple channels before acting on any crypto request.
- Use 2FA, two factor authentication such as biometric authentication for example fingerprint recognition.
- Stay informed about new scam tactics through official wallet blogs or crypto news sources.
Which Bitcoin Wallet To Use for Better Protection
As AI technology evolves, so do the methods used by scammers. Your choice of wallet therefore is important. Choosing a secure Bitcoin wallet, and practicing good habits, can significantly reduce your exposure to risk.
With Bitcoin near an all time high, now is a good time to review your wallet setup and security settings. One of the top brands worth considering is Best Wallet.
A non-custodial, no KYC wallet solution, Best Wallet offers a seamless blend of security and functionality expected from a well-built decentralized wallet.
Being a self-custodial wallet, users maintain full control over their assets. But what gives it an edge over other similar solutions is that it does not leave asset protection to users alone.
Regularly, Best Wallet usually educates users on how they can secure their accounts against the phishing, malware, and drainer exploits that continue to spread across the crypto landscape. And that’s not all!
The Web3 wallet has already integrated Fireblocks to provide a mix of accessibility and protection. First, Fireblock’s MPC-CMP technology ensures that users do not need a passphrase to access their assets, and second, it ensures that all funds kept inside the facility are insured, eliminating the safety worries associated with centralized exchanges.
Other notable security measures such as biometric verification, two-factor authentication, and built-in filters have also been critical in preventing unauthorized access to users’ funds. No wonder it has maintained a perfect security record since entering the non-custodial wallet market.
Another key advantage is its easy-to-use, feature-packed ecosystem that offers more than just crypto swapping and storage, but also enables smarter, frictionless trading. Buying crypto with fiat is a possibility, all thanks to its integration of reliable on-ramp providers like MoonPay and Alchemy Pay. For those engaging in cross-chain swaps, Best Wallet ensures optimal rates with speed and reliability.
The next major feature that elevates Best Wallet beyond just another crypto wallet brand is its “Upcoming Tokens” tool, which enables users to spot and invest in early-stage opportunities without navigating multiple interfaces. The tool’s track record of success in tracking and curating promising pre-launch projects is one key reason Best Wallet has been gaining significant attention.
And as outlined in the project’s roadmap, several attractive features like portfolio management, MEV protection, Best Card, NFT gallery, reward hub, and many more are still on the way, making it a complete Web3 ecosystem.
So far, many leading publications including the New York Post have endorsed Best Wallet as one of the best Bitcoin wallets to use in 2025. 99Bitcoins, a reputable crypto YouTube channel with nearly 800k subscribers, also agreed with this submission, dubbing it as the best option in the space.
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