In 2024, the world faced record losses from cryptocurrency fraud, totaling $4.6 billion. The main cause was scams utilizing AI technology.
Impact of AI on Crypto Fraud
According to Bitget's report, AI-facilitated scams significantly impacted financial results. Victims became targets for criminals using synthetic impersonations of crypto leaders.
Financial Consequences and Types of Fraud
Frauds in the crypto market led to considerable volatility, especially concerning Ethereum and Bitcoin. Perpetrators used advanced methods, including fake video calls and fraudulent job offers, complicating asset recovery processes.
Future Countermeasures Against Fraud
The increased use of AI in fraud indicates growing cyber threats. Regulators and law enforcement must develop coordinated strategies to counter these sophisticated techniques. Future technologies may involve AI detection tools to prevent such scams.
The cryptocurrency market continues to face rising threats from scammers using innovative technologies. Protecting digital assets requires the development of new technologies and strict regulatory measures.
