Scammers became more active in 2024, ending up with an estimated haul between $9.9B and $12.4B. Chainalysis discovered high ...
AI adoption and infrastructure support from platforms like Huione Guarantee, leading to $9.9 billion in total losses despite ...
Crypto fraud revenue reached $9.9 billion in 2024, driven by pig butchering scams, generative AI, and crypto ATM exploitation.
Crypto scam revenue is estimated to have hit record levels last year as cybercriminals leverage new technologies like AI and ...
"GenAI is amplifying scams, the leading threat to financial institutions, by enabling high-fidelity, low-cost, and highly ...
Huione Group contracted Certik, a prominent blockchain security firm, to conduct a smart contract audit for the stablecoin.
Taking into consideration an average annual increase of 24% in scam revenue between reporting periods, Chainalysis predicts ...
Fraudsters raked in at least $9.9 billion and possibly as much as $12.4 billion with their methods becoming more ...
The firm's data indicates a broader trend of rising crypto scam activities, with the number of crypto deposits into pig butchering scams, also known as romance scams, surging by approximately 210%.
Chainalysis report reveals that crypto scammers defrauded victims of at least $9.9 billion, with pig butchering scams surging by 40%.
Primarily, this trend has been driven by Huione Guarantee, an online forum and peer-to-peer marketplace Chainalysis says operates as a "one-stop-shop" for illicit actors looking to buy and sell ...