Crypto scams get smarter with AI: How to protect your money

Dubai: Scammers are stepping up their game, and now they’re using artificial intelligence to do it.

That’s the key takeaway from the 2025 Anti-Scam Research Report released by Bitget, a global crypto exchange, in partnership with blockchain security firms SlowMist and Elliptic. According to the report, global losses from crypto scams hit a staggering $4.6 billion in 2024.

Gone are the days when phishing emails were the main threat. Scams now include fake Zoom calls, deepfake videos of well-known personalities, and even bogus job offers with malware hidden in them.

These aren’t just random one-off incidents. The report points to organised fraud rings operating across countries, with scams becoming more frequent, more believable—and harder to trace.

So, how are they doing it? The report identifies three major types of scams behind most of the losses:

• Deepfake impersonation: Using AI to fake a person’s voice or face in video calls or messages.

• Social engineering schemes: Tricking users into handing over access or funds by pretending to be someone they trust.

• Ponzi-style projects: Disguised as new DeFi or NFT opportunities that promise high returns, but collapse once new investments dry up.

Once funds are stolen, the money is usually funneled through a web of blockchain tools like cross-chain bridges and mixers to hide the trail, making it extremely difficult to recover.

Why does this matter?

Cryptocurrencies have become a popular investment vehicle for individuals looking to grow their savings outside of traditional markets. But with new opportunities come new risks. And unfortunately, in this fast-moving space, scammers are often one step ahead.

If you’re planning to invest in crypto—or already have—here are simple, effective ways to protect yourself:

1. Stick to well-known platforms

New tokens or platforms might promise higher returns, but they also carry higher risks. Established exchanges like Bitget and others often perform internal audits before listing assets. While no exchange is scam-proof, being listed on a major platform means at least some vetting has taken place.

2. Know who’s behind the project

Don’t invest in any crypto project without researching the team. Real developers leave digital footprints—like a LinkedIn profile, GitHub commits, or past projects. Be skeptical if the founders are anonymous or can’t be verified through credible sources.

3. Never share your private keys

This is basic, but worth repeating: your private keys are like the password to your bank account. No legitimate project will ask for them. If they do—it’s a scam.

4. Watch out for “too good to be true” offers

Airdrops, job offers, or giveaway campaigns that ask you to send crypto first are a red flag. Real giveaways don’t require payment to participate.

5. Don’t get pressured into quick decisions

Scammers love urgency. Whether it’s a “limited-time offer” or a high-pressure job interview over a Zoom call, anything that forces you to act fast should make you pause. Take time to verify what you're getting into.

6. Use audit tools and scam trackers

Projects that have undergone security audits usually advertise that. If they haven’t, proceed with caution. Bitget, for instance, has launched its own Anti-Scam Hub to educate users and flag potential threats. Using these resources can be your first line of defense.

The AI factor: A rising threat

What’s new—and scary—is how AI is helping scammers scale. With the help of deepfakes and chatbots, fraudsters can impersonate real people, mimic speech, and even create believable websites or contracts. These attacks look more convincing than ever, making it harder for even seasoned investors to spot the trap.

Final word: Stay alert, not afraid

Crypto isn't the problem—it's how some people misuse it. With proper education and basic cybersecurity habits, you can stay several steps ahead of bad actors. Bitget’s report isn’t just a warning—it’s a wake-up call. The smarter scammers get, the smarter we all need to be.

If you're unsure about any project, seek independent advice, double-check sources, and always, always do your own research.