Crypto, Chainalysis and Pig Butchering

Crypto scams likely set new record in 2024 helped by AI, Chainalysis says
The rise of "pig butchering" scams and the increasing use of generative artificial intelligence likely lifted revenues from crypto scams to a record high in 2024, according to blockchain analytics firm Chainalysis.
Crypto scams likely hit a new record in 2024, driven by 'pig butchering' and AI, says Chainalysis
Crypto scam revenue is estimated to have hit record levels last year as cybercriminals leverage new technologies like AI and become more organized.
Chainalysis Reports 40% Surge in Pig Butchering Crypto Scam Revenue
AI adoption and infrastructure support from platforms like Huione Guarantee, leading to $9.9 billion in total losses despite lower average deposits per victim.
Crypto Scam Revenue From ‘Pig Butchering,’ AI Schemes Likely Grew in 2024, Chainalysis Reports
Fraudsters raked in at least $9.9 billion and possibly as much as $12.4 billion with their methods becoming more “professionalized.”
Cryptocurrency scam losses likely hit record in 2024, research says
Losses from cryptocurrency scams are on track to hit record levels in 2024 after scammers have increasingly used generative AI to trick victims. Cryptoc
Pig Butchering Crypto Scam Hits Nearly 40% YoY as AI Fraud Grows 1,900%: Chainalysis
In 2024, crypto scams hit $9.9B with pig butchering surging 40% and AI fraud exploding 1,900%, Chainalysis report reveals.
Chainalysis reports surge in pig butchering crypto scams
The firm's data indicates a broader trend of rising crypto scam activities, with the number of crypto deposits into pig butchering scams, also known as romance scams, surging by approximately 210%. This suggests an expansion in the victim pool for such scams, which typically originate from Southeast Asia but now involve scammers dispersed globally.
Pig Butchering Schemes Push Crypto Scams to $9.9 Billion in 2024
Crypto fraud revenue reached $9.9 billion in 2024, driven by pig butchering scams, generative AI, and crypto ATM exploitation.
Chainalysis: 2024 was a record year for scammers, with more sophisticated tactics
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.
AI-driven crypto scams could reach $15 billion in 2025, Chainalysis warns
On-chain analytics platform Chainalysis has warned that cryptocurrency scams could surge over the coming year with the support of artificial intelligence. According to a February 13 report from Chainalysis,
cryptopolitan on MSN21h
Can crypto survive the AI-powered scam surge?
As investors cheered the rise of AI in 2024, a crypto evil lurked in the shadows and took advantage of this technology, ...
Ransomware Payments Decreased by 35% in 2024, Research Finds
Ransomware payments dropped 35% in 2024 due to law enforcement crackdowns and stronger cyber defenses, forcing attackers to ...
decrypt3d
US, UK Sanction Russian Zservers Over LockBit Ransomware
US, UK and Australian regulators sanctioned Zservers over its ransomware software used by the notorious LockBit group and ...
cryptopolitan9h
CBI goes after criminals impersonating government officials to commit crypto scam
The Central Bureau of Investigation (CBI) in India has announced a crackdown on criminals impersonating government officials through crypto scams. According ...
Infosecurity-magazine.com2d
Romance Baiting Losses Surge 40% Annually
Ahead of Valentine’s Day, Chainalysis figures reveal 40% increase in losses to pig butchering, or romance baiting, scams ...