{"id":21173,"date":"2025-02-14T19:51:02","date_gmt":"2025-02-14T17:51:02","guid":{"rendered":"https:\/\/forklog.com\/en\/chainalysis-reports-crypto-fraud-losses-reach-9-9-billion-in-2024\/"},"modified":"2025-02-14T19:51:02","modified_gmt":"2025-02-14T17:51:02","slug":"chainalysis-reports-crypto-fraud-losses-reach-9-9-billion-in-2024","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/chainalysis-reports-crypto-fraud-losses-reach-9-9-billion-in-2024\/","title":{"rendered":"Chainalysis Reports Crypto Fraud Losses Reach $9.9 Billion in 2024"},"content":{"rendered":"

Preliminary estimates suggest that losses from fraud in the crypto industry reached $9.9 billion in 2024, though the actual figure may set new records. These findings were shared by Chainalysis experts in the report Crypto Scam Revenue 2024<\/a>.<\/p>\n

\"Chainalysis:
Source: Chainalysis.<\/figcaption><\/figure>\n

According to Chainalysis observations, scammer activity has grown by an average of 24% annually over the past four years. If this trend continues, actual losses for 2024 should amount to around $12.4 billion.<\/p>\n

\"Chainalysis:
Source: Chainalysis.<\/figcaption><\/figure>\n

High-yield investment scams accounted for 50.2% of all fraudulent revenue. Compared to the previous year, perpetrators earned 36.6% less.<\/p>\n

“Pig butchering” schemes ranked second with 33.2%. Total revenue in this niche grew by 40% compared to last year, while the number of deposits increased by 210%.<\/p>\n

Experts believe the disproportionate growth is due to scammers prioritizing the expansion of their victim pool over the volume of individual payments.<\/p>\n

\"Chainalysis:
Source: Chainalysis.<\/figcaption><\/figure>\n

To cash out, perpetrators continue to prefer centralized exchanges, but with the rise of scammer activity across various blockchains, including Ethereum, Tron, and Solana, the popularity of DeFi protocols is increasing.<\/p>\n

Chainalysis also noted the use of generative AI technologies by scammers. According to specialists, such tools significantly simplify and reduce the cost of operations for perpetrators.<\/p>\n

In particular, AI facilitates the creation of fake identities to bypass online identification procedures. According to Alterya, fully verified accounts were involved in 85% of fraud cases.<\/p>\n

Moreover, generative AI enables scammers to quickly create content such as websites and advertisements for use in schemes.<\/p>\n

Earlier, analysts at Merkle Science described the main tactics of crypto scammers in 2024.<\/p>\n","protected":false},"excerpt":{"rendered":"

Preliminary estimates suggest that losses from fraud in the crypto industry reached $9.9 billion in 2024, though the actual figure may set new records. These findings were shared by Chainalysis experts in the report Crypto Scam Revenue 2024. Source: Chainalysis. According to Chainalysis observations, scammer activity has grown by an average of 24% annually over […]<\/p>\n","protected":false},"author":1,"featured_media":21172,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[274,44,1760,1268,1246],"class_list":["post-21173","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-chainalysis","tag-cybercrime","tag-generative-ai","tag-on-chain-analysis","tag-scammers"],"aioseo_notices":[],"amp_enabled":true,"views":"69","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/21173","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=21173"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/21173\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/21172"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=21173"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=21173"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=21173"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}