Crypto scam revenue is estimated to have hit record levels last year as cybercriminals leverage new technologies like AI and become more organized.

Taking into consideration an average annual increase of 24% in scam revenue between reporting periods, Chainalysis predicts that total scam losses could surpass $15 billion in 2025.

Losses from cryptocurrency scams are on track to hit record levels in 2024 after scammers have increasingly used generative AI to trick victims. Cryptoc

Scammers became more active in 2024, ending up with an estimated haul between $9.9B and $12.4B. Chainalysis discovered high yield scams were the most active, followed by personalized confidence or job scams.