Victoria, Seychelles, June 10, 2025 – Bitget, a Web3 firm and one of many main cryptocurrency exchanges, has launched its Anti-Rip-off Analysis Report 2025 in collaboration with SlowMist and Elliptic, two safety firms within the blockchain sector. The report reveals that losses brought on by crypto scams globally reached $4.6 billion in 2024, with deepfake know-how and social engineering rising as predominant methods behind high-value thefts. The publication marks the official launch of Bitget’s Anti-Rip-off Month, a month-long initiative targeted on safety schooling and consciousness throughout all the ecosystem.
The report highlights how scams primarily based on synthetic intelligence (AI) have gone past phishing emails, together with faux Zoom calls, faux movies of public figures, and job gives containing trojans. Among the many most important findings, the report identifies three principal classes of scams as the first causes of loss for customers: identification theft with deep faux, social engineering schemes, and Ponzi schemes disguised as DeFi or NFT. The doc additionally illustrates how the stolen funds are channeled by way of cross-chain bridges and obfuscation instruments earlier than reaching mixers or exchanges, complicating counteraction and restoration efforts.
Additional insights embrace case research of main scam-related incidents that occurred in Hong Kong, the rising use of remark sections on Telegram and X (Twitter) as entry factors for phishing, and the continued development of fraud networks run by professionals working internationally.
“Right now the largest menace to cryptocurrencies just isn’t volatility, however fraud. This is the reason Bitget has designated all the month of June as Anti-Fraud Month, an initiative aimed toward elevating trade requirements and person consciousness. This report is the primary results of this effort. AI has made scams sooner, cheaper, and tougher to detect. At Bitget, we consider that reacting requires technological rigor and collaboration on the ecosystem degree. Our objective is to assist customers commerce in a extra sensible approach, not simply sooner”,
said Gracy Chen, CEO of Bitget.
The report additionally explains how Bitget’s Anti-Rip-off Hub, its modern detection techniques, and the Safety Fund of over $500 million are actively employed to mitigate person dangers. SlowMist offered detailed scientific insights into rip-off ways, starting from tackle poisoning to job gives containing trojans, whereas Elliptic examined the laundering patterns of stolen cryptocurrencies by way of cross-chain bridges and mixers.
“Criminals are continuously bettering their assault strategies, utilizing AI and discovering new methods to accentuate their actions. Which means that, concurrently, we’re working to boost our know-how and blockchain capabilities as a way to monitor and establish the brand new strategies utilized by criminals. Our work with Bitget displays the shared urgency to reveal these ever-evolving threats and to offer customers with the instruments to guard themselves”,
said Arda Akartuna, Lead Crypto Menace Researcher at Elliptic within the APAC area.
“This report displays the real-world patterns we observe each day on-chain. From phishing networks to faux staking dApps, ways might change, however the psychology is all the time the identical. Customers should all the time keep knowledgeable and be skeptical and security-oriented”,
added Lisa, Safety Operations Lead at SlowMist.
The report concludes with concrete solutions for each customers and corporations, which embrace warning indicators for scams and greatest practices to keep away from the commonest pitfalls in DeFi, NFT, and Web3 environments.
To view the complete report, click on right here.
About Bitget
Based in 2018, Bitget is a Web3 firm among the many main cryptocurrency exchanges on the planet. With over 120 million customers in additional than 150 nations and areas, the Bitget trade is dedicated to serving to customers commerce extra neatly with its pioneering copy buying and selling characteristic and different buying and selling options, whereas providing real-time entry to the Bitcoin worth, the Ethereum worth, and different cryptocurrency costs. Already generally known as BitKeep, Bitget Pockets is a high-level multi-chain crypto pockets providing complete Web3 options and options, together with a pockets, token swaps, an NFT market, a dApp browser, and far more.
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Bitget is on the forefront in selling the adoption of cryptocurrencies by way of strategic partnerships, resembling being the official crypto accomplice within the EASTERN, SEA, and LATAM markets of the world’s most necessary soccer championship, LALIGA. It is usually a world accomplice of Turkish Nationwide athletes Buse Tosun Çavuşoğlu (world wrestling champion), Samet Gümüş (gold medalist in boxing), and İlkin Aydın (nationwide volleyball participant), inspiring the worldwide neighborhood to embrace the way forward for criptovalute.
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Threat warning: the costs of digital property are topic to fluctuations and should exhibit important volatility. Traders are suggested to allocate solely funds they’ll afford to lose. The worth of any funding could also be affected, and there’s a risk that monetary targets is probably not achieved or that the initially invested capital is probably not recovered. Unbiased monetary recommendation ought to all the time be sought, and private monetary expertise and place needs to be fastidiously thought-about. Previous efficiency just isn’t a dependable indicator of future outcomes. Bitget assumes no duty for any losses incurred. Nothing contained on this doc needs to be construed as monetary recommendation. For extra data, please check with our Phrases of Use.