The latest report from Chainalysis highlights that generative AI is making scams easier and more affordable for cybercriminals. In 2024, about 85% of scams involved verified accounts that can circumvent traditional detection methods, emphasizing the rising sophistication of these fraudulent operations.

Chainalysis also reports that the total illicit crypto volumes may have reached an estimated 51 billion USD in 2024, presenting significant challenges for regulators. As AI continues to evolve, the landscape of crypto scams is expected to become increasingly complex and difficult to combat.