Chainalysis predicts a significant rise in crypto scams in 2025 due to the influence of artificial intelligence.
Increasing Scale of Fraud
Chainalysis reported that crypto scam revenues reached $9.9 billion in 2024, largely due to pig butchering scams. The figure is expected to grow to $12 billion as more fraudulent addresses are identified.
Role of Generative AI in Scams
Generative AI facilitates scams by creating synthetic and fake identities. This allows fraudsters to bypass verification systems, making scams more convincing. Chainalysis found that 85% of these scams involve fully verified accounts, exacerbated by AI developments.
Economic Impact
According to Deloitte, AI and deepfakes could cost the US economy $40 billion by 2027. Comparing crypto flows since 2021, AI-related revenues increased by 1,900%, indicating an explosion in the use of AI for scams.
Chainalysis notes a growing trend of crypto scams each year. AI's influence is exacerbating this trend. Total scam losses are expected to be even higher with AI usage.
