In 2024, crypto scammers reportedly stole around $9.9 billion, with projections indicating this could rise to $12.4 billion in 2025 as more fraudulent activities are uncovered, largely due to the use of AI technologies. The rise in sophisticated scams, including high-yield investment schemes and pig butchering scams, has prompted global authorities to enhance enforcement, though challenges remain in keeping up with the evolving methods of fraud.
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