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Crypto scams thrive in 2024 on back of 'pig butchering' and AI: Report

February 13, 2025
Source: cnbc.com cnbc.com
News Snapshot:
Chainalysis said that crypto wallets linked to scams received $9.9 billion in cryptocurrency in 2024, according to its initial estimates Boonchai Wedmakawand | Moment | Getty Images Crypto fraud revenue is estimated to have hit record levels last year amid a surge in so-called romance scams as cybercriminals leverage artificial intelligence and become more organized, blockchain research firm Chainalysis warns. In a report released Thursday, the firm said that crypto wallets linked to scams received $9.9 billion in cryptocurrency in 2024, according to its initial estimates. It predicts 2024's figure to grow to a record of $12.4 billion as Chainalysis...
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