BlockBeats News: On January 14, according to Forbes, cryptocurrency fraud in 2025 has become a massive criminal industry with an annual scale of at least $14 billion. This is largely due to the widespread use of AI tools, which enable fraudsters to more efficiently create fake identities and generate more convincing deepfake scam content, significantly increasing the average earnings per scam. Statistics show that groups using AI tools can, on average, defraud victims of $3.2 million per successful scam, while groups not using AI tools can only defraud an average of $719,000 per scam. The losses caused by AI-assisted scams are 4.5 times higher than those from non-AI scams.
In common "pig butchering" scams of 2025, criminal groups first establish an "emotional connection" with victims or create a persona as an "investment mentor" on social platforms. They then lure victims into fake cryptocurrency trading platforms, ultimately siphoning off their funds. AI has made "pig butchering" scams more scalable and personalized, significantly increasing both the success rate and the amount of money involved.