Dive into the Rising Wave of AI-Powered Crypto Scams

AI’s Role in Amplifying Crypto Scams

Experts attribute this significant surge, in large part, to the use of artificial intelligence (AI). Chainalysis’ analyses show that scammers are actively utilizing AI tools to produce fake identities, deepfake videos, and automated social engineering scenarios. On average, scam groups leveraging AI generate $3.2 million from a single operation, compared to $719,000 accumulated by non-AI-using groups, indicating a 4.5-fold increase in fraud revenues through AI.

Pig Butchering: A Predominant Trap

These numbers are no surprise to officials. Recently, the scam technique known as “pig butchering” has positioned itself at the core of crypto crimes. Victims are directed to fake crypto investment platforms via social media platforms, where they invest their savings only to find themselves completely cut off from the system.

U.S. federal agencies have resorted to court interventions to reclaim billions of dollars swindled through this method just last year. These fraud networks operate extensively across various platforms, including LinkedIn, Instagram, and dating and messaging services.

Social Media Platforms as Scam Hotspots

In 2025, Forbes documented numerous pig butchering cases occurring not only on dating apps like Tinder, Hinge, and eHarmony but also on social media platforms like TikTok, WhatsApp,