Bitget, a leading cryptocurrency exchange and Web3 company, has published its 2025 Anti-Scam Research Report in collaboration with blockchain security firms SlowMist and Elliptic. The report highlights a dramatic increase in global crypto scam losses, reaching $4.6 billion in 2024, primarily driven by sophisticated AI-powered scams.
Key findings reveal that emerging scam techniques involve deepfake impersonations, social engineering schemes, and Ponzi-style projects disguised as DeFi or NFT offerings. Scammers have evolved beyond traditional phishing emails to utilize fake Zoom calls, synthetic videos of public figures, and Trojan-laced job offers. The stolen cryptocurrencies are often laundered using cross-chain bridges and obfuscation tools, complicating tracking and recovery efforts.
In response, Bitget has launched its Anti-Scam Month initiative to enhance security awareness and user protection. Integral to this effort are the newly established Anti-Scam Hub and a $500 million Protection Fund. Bitget’s CEO, Gracy Chen, emphasized that deception now poses a bigger threat to the crypto space than price volatility, and combating this requires advanced technology combined with ecosystem-wide collaboration.
SlowMist contributes forensic insights on scam tactics like address poisoning and fake staking platforms, while Elliptic analyzes laundering patterns to expose criminal methods. The report also notes increased use of social platforms such as Telegram and X (formerly Twitter) comment sections as phishing vectors.
The report concludes with practical recommendations for users and institutions to identify potential scams and adopt best practices in the DeFi, NFT, and Web3 environments. Bitget’s effort signals an industry-wide push toward improving crypto security amid the rise of AI-augmented fraud.