#CryptoScamSurge CryptoScamSurge

The term "CryptoScamSurge" refers to a significant increase in cryptocurrency frauds recently. In 2024, losses due to these frauds amounted to between $4.6 billion and $9.9 billion, and losses during the first half of 2025 exceeded $2.17 billion. The most notable types of fraud include social engineering and phishing, which caused losses of over $1 billion, as well as deepfake frauds representing 40% of major cases. "Pig-Butchering" schemes also saw a 40% increase, and the spread of malware via fake bots on Telegram increased by 2000% since the end of 2024.