The Bitget Anti-Truffa Report shows that AI-related scams caused $4.6 billion in crypto losses in 2024
Victoria, Seychelles, June 10, 2025 – Bitget, a Web3 company and one of the leading cryptocurrency exchanges, has released its Anti-Scam Research Report 2025 in collaboration with SlowMist and Elliptic, two security companies in the blockchain sector. The report reveals that losses caused by crypto scams globally reached $4.6 billion in 2024, with deepfake technology and social engineering emerging as predominant strategies behind high-value thefts. The publication marks the official launch of Bitget’s Anti-Scam Month, a month-long initiative focused on security education and awareness across the entire ecosystem.
The report highlights how scams based on artificial intelligence (AI) have gone beyond phishing emails, including fake Zoom calls, fake videos of public figures, and job offers containing trojans. Among the most significant findings, the report identifies three main categories of scams as the primary causes of loss for users: identity theft with deep fake, social engineering schemes, and Ponzi schemes disguised as DeFi or NFT. The document also illustrates how the stolen funds are channeled through cross-chain bridges and obfuscation tools before reaching mixers or exchanges, complicating counteraction and recovery efforts.
Further insights include case studies of major scam-related incidents that occurred in Hong Kong, the growing use of comment sections on Telegram and X (Twitter) as entry points for phishing, and the continued growth of fraud networks run by professionals operating internationally.
“Today the biggest threat to cryptocurrencies is not volatility, but fraud. This is why Bitget has designated the entire month of June as Anti-Fraud Month, an initiative aimed at raising industry standards and user awareness. This report is the main result of this effort. AI has made scams faster, cheaper, and harder to detect. At Bitget, we believe that reacting requires technological rigor and collaboration at the ecosystem level. Our goal is to help users trade in a more smart way, not just faster”,
stated Gracy Chen, CEO of Bitget.
The report also explains how Bitget’s Anti-Scam Hub, its innovative detection systems, and the Protection Fund of over $500 million are actively employed to mitigate user risks. SlowMist provided detailed scientific insights into scam tactics, ranging from address poisoning to job offers containing trojans, while Elliptic examined the laundering patterns of stolen cryptocurrencies through cross-chain bridges and mixers.
“Criminals are constantly improving their attack methods, using AI and finding new ways to intensify their activities. This means that, simultaneously, we are working to enhance our technology and blockchain capabilities in order to monitor and identify the new methods used by criminals. Our work with Bitget reflects the shared urgency to expose these ever-evolving threats and to provide users with the tools to protect themselves”,
stated Arda Akartuna, Lead Crypto Threat Researcher at Elliptic in the APAC region.
“This report reflects the real-world patterns we observe every day on-chain. From phishing networks to fake staking dApps, tactics may change, but the psychology is always the same. Users must always stay informed and be skeptical and security-oriented”,
added Lisa, Security Operations Lead at SlowMist.
The report concludes with concrete suggestions for both users and companies, which include warning indicators for scams and best practices to avoid the most common pitfalls in DeFi, NFT, and Web3 environments.
To view the full report, click here.
About Bitget
Founded in 2018, Bitget is a Web3 company among the leading cryptocurrency exchanges in the world. With over 120 million users in more than 150 countries and regions, the Bitget exchange is committed to helping users trade more smartly with its pioneering copy trading feature and other trading solutions, while offering real-time access to the Bitcoin price, the Ethereum price, and other cryptocurrency prices. Already known as BitKeep, Bitget Wallet is a high-level multi-chain crypto wallet offering comprehensive Web3 solutions and features, including a wallet, token swaps, an NFT marketplace, a dApp browser, and much more.
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Bitget is at the forefront in promoting the adoption of cryptocurrencies through strategic partnerships, such as being the official crypto partner in the EASTERN, SEA, and LATAM markets of the world’s most important football championship, LALIGA. It is also a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (world wrestling champion), Samet Gümüş (gold medalist in boxing), and İlkin Aydın (national volleyball player), inspiring the global community to embrace the future of criptovalute.
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