BitGet, one of the leading cryptocurrency exchanges and a leader in the Web3 ecosystem, has just released a document outlining its 2025 Anti-Scam Research Report in partnership with blockchain security experts Elliptic and SlowMist.
According to the report, global scam losses for crypto surged to nearly $4.6 billion in 2024. This is an alarming figure that can destabilize the entire ecosystem. The report suggests that cyber miscreants primarily employed techniques such as deepfakes and social engineering to commit these high-end thefts.
The Growing Rate Of Cyber Crimes
Given the alarming scale of the situation, BitGet launches an all-new Anti-Scam Month. This is a month-long program dedicated to security education and raising general awareness. The report has also suggested how the AI has been an integral part of the miscreant’s modus operandi.
Gary Chen, CEO of BitGet, presented his take on the situation, claiming, “The biggest threat to crypto today isn’t volatility—it’s deception. That’s why Bitget has designated the entire month of June as Anti-Scam Month—an initiative to elevate industry standards and user awareness. This report is the flagship release within that effort. AI has made scams faster, cheaper, and harder to detect. At Bitget, we believe fighting back requires both technological rigor and ecosystem-wide collaboration. Our goal is to help users trade smarter, not just faster.”
Arda Akartuna, Lead Crypto Threat Researcher, Elliptic, APAC, shared, “Criminals are constantly evolving their methods of attack, using AI and finding new ways to scale their activities. This means that reciprocally, we are also working to scale our technology and blockchain capabilities to track and identify the new methods criminals are using. Our work with Bitget reflects a shared urgency to expose these evolving threats and give users the tools to protect themselves.”
All in all, the threat of cybercriminals stealing money is a real problem that has managed to put people on edge for all the right reasons.
