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Bitget exchange, in collaboration with blockchain security firms SlowMist and Elliptic, has exposed the terrifying anatomy of the most advanced crypto scams in recent times.

These findings come amid rising security incidents, ranging from high-profile attacks to government involvement in crypto laundering attacks.

AI Deepfakes, Social Tactics Behind 2025 Crypto Scam Rise: Bitget Report

The report cites AI deepfakes, weaponized psychology, and social engineering. It lays bare how bad actors use synthetic videos, virtual identities, and fake crypto meetings to deceive users and dismantle trust in the Web3 ecosystem.

A key finding in the report is that in 2025, scams will go beyond stealing user keys to hijack victims’ realities. From celebrity deepfakes to Trojan job offers and fake Zoom meetings, the latest scams blend high-tech deception with low-tech manipulation.

Bitget’s report categorizes the most dangerous threats under three pillars: deepfake impersonation, social engineering scams, and advanced Ponzi schemes. The most insidious are deepfakes.

AI Deepfakes Blur the Line Between Real and Fake

In early 2025, Hong Kong police arrested 31 individuals in a deepfake scam syndicate. Perpetrators stole $34 million by impersonating crypto executives during fake investment calls. This was just one of 87 similar operations dismantled across Asia in Q1 alone.

“…attackers using AI synthesis tools to fabricate audio and video likenesses of well-known project founders, exchange executives, or community KOLs in order to mislead users. These fabricated materials are often highly realistic,” read an excerpt in the report shared with BeInCrypto.

With tools like Synthesia, ElevenLabs, and HeyGen, attackers fabricate dynamic likenesses of public figures. Named victims include Elon Musk and Singapore’s Prime Minister. Bad actors create convincing videos to promote fraudulent platforms.

These videos are often distributed on social channels like Telegram, X (Twitter), and YouTube Shorts. Based on the report, they turn off comments to maintain a façade of legitimacy.

One case involved deepfake clips of Singapore Minister Lee Hsien Loong endorsing a “government-backed crypto initiative.” The campaign reportedly ensnared thousands before it was flagged.

Zoom, but Make It a Scam

Another disturbing tactic involves impersonating Zoom. Victims receive fake meeting invites from “crypto executives,” prompting them to download Trojan-laced software.

During the meeting, scammers use deepfake avatars and fabricated credentials to trick users into sharing wallet access or approving malicious transactions.

“The people luring you to download fake Zoom for meetings are extremely persuasive, making you feel it’s unlikely to be fake. A key point is that the participants you see during the meeting are actually displayed using deepfake videos… Don’t doubt it, in the AI era, video and voice forgery can be extremely realistic…,” SlowMist founder Cos shared on X.

Once inside the system, attackers can access browser data, cloud storage, or private keys, exposing users to total account compromise. These multi-layered attacks represent a new “identity hijack” category combining technical infiltration and social trust manipulation.

Social Engineering to Exploit Human Vulnerability

Bitget’s report stresses that modern scams rely as much on psychology as code. One notable trend is the rise of “AI arbitrage bot” scams, where scammers promise effortless gains using ChatGPT-branded smart contracts.

Bad actors trick users into deploying malicious code via fake Remix IDE pages, and their funds are instantly rerouted to scammer wallets.

What’s worse? These schemes are often small-scale, targeting victims for $50–$200 at a time. While the losses are minor enough to deter pursuit, they are frequent enough to generate large cumulative profits for attackers.

Ponzi Schemes Behind Promised Yields

Beyond AI-generated scams, Bitget also warns that traditional Ponzi and pyramid schemes have not disappeared, but have mutated. Specifically, these scams have undergone a “digital evolution,” leveraging on-chain tools, rapid viral marketing, and the illusion of legitimacy through smart contracts.

Instead of opaque offshore bank accounts, modern-day fraudsters attract victims through Telegram groups, Twitter hype, and tokens with built-in referral mechanics.

Smart contracts give these scams a thin veneer of decentralization and transparency. Meanwhile, carefully obfuscated tokenomics mimic legitimate yield structures until the inevitable collapse.

A potent mix of social engineering and digital virality is fueling this transformation. Influencers and anonymous promoters often seed these scams through memes, testimonials, or even AI-generated videos posing as reputable figures.

Projects disguised as “community-driven” DAOs or staking protocols rope users in with unsustainable returns, creating a frenzy of buy-ins that mask the exit liquidity strategy.

As regulation struggles to catch up, the speed and scale at which these digital Ponzi schemes propagate make them harder to track.

A Call for Skepticism and Collective Defense

Against this backdrop, Bitget has launched a dedicated Anti-Scam Hub, integrating real-time behavioral analytics to flag suspicious activity.

It has partnered with Elliptic and SlowMist to trace illicit fund flows and dismantle phishing infrastructures across multiple chains.

The report urges users to verify all asset-related instructions across multiple channels, noting that visual and auditory credibility is no longer enough. It also encourages projects to adopt on-chain signature broadcasts and maintain a single verified communication channel.

With scams advancing, so must user and ecosystem defenses. The crypto industry now faces a dual challenge: safeguarding assets and rebuilding user trust in a digital world where anyone can be anyone.

This report is timely, only hours after President Santiago Peña’s tweet claimed Paraguay adopted Bitcoin as legal tender. However, his X (Twitter) account was compromised, with red flags ranging from a Bitcoin wallet address to suspicious language, raising scam concerns.

Paraguay President’s X account was hacked.

The hacker claimed Bitcoin is now legal tender,

Paraguay holds a $5M BTC reserve, and there’s a crypto bond program.

It was all fake but the markets blinked.

Hacker: BTC is legal tender in Paraguay

CT:

Paraguay: That’s not… pic.twitter.com/wcYxXNiE4j

— Justin Wu π (@hackapreneur) June 10, 2025

Similarly, recent reports also indicated that North Korean IT workers used fraudulent identities to bypass KYC checks. BeInCrypto reported that they funnel crypto earnings back to the regime for its weapons program.

These incidents highlight the growing threat of bad actors in crypto, echoing the need for extra caution.

The post New Bitget Report Shows Harrowing Details of DeepFake and Zoom Crypto Scams appeared first on BeInCrypto.

Bitget, the leading cryptocurrency exchange and Web3 company, has released its 2025 Anti-Scam Research Report in partnership with blockchain security firms SlowMist and Elliptic.

The report reveals that global crypto scam losses surged to $4.6 billion in 2024, with deepfake technology and social engineering emerging as the dominant tactics behind high-value thefts. The publication marks the official launch of Bitget’s Anti-Scam Month, a month-long initiative dedicated to security education and ecosystem-wide awareness.

The report highlights how AI-powered scams have moved beyond phishing emails to include fake Zoom calls, synthetic videos of public figures, and Trojan-laced job offers. Among its key findings, the report identifies three primary scam categories—deepfake impersonation, social engineering schemes, and Ponzi-style projects cloaked in DeFi or NFT branding—as the leading causes of user loss. It also outlines how stolen funds are funneled through cross-chain bridges and obfuscation tools before reaching mixers or exchanges, complicating enforcement and recovery efforts.

Additional insights include case studies from major scam incidents in Hong Kong, the rising use of Telegram and X (Twitter) comment sections as phishing entry points, and the continued growth of professionally run fraud rings operating across borders.

“The biggest threat to crypto today isn’t volatility—it’s deception. That’s why Bitget has designated the entire month of June as Anti-Scam Month—an initiative to elevate industry standards and user awareness. This report is the flagship release within that effort. AI has made scams faster, cheaper, and harder to detect. At Bitget, we believe fighting back requires both technological rigor and ecosystem-wide collaboration. Our goal is to help users trade smarter, not just faster.” said Gracy Chen, CEO at Bitget.

The report also details how Bitget’s Anti-Scam Hub, innovative detection systems, and a $500M+ Protection Fund are being actively deployed to mitigate user risks. SlowMist provided detailed forensic insights into scam tactics, ranging from address poisoning to job offer Trojans, while Elliptic examined the laundering patterns of stolen cryptocurrency through cross-chain bridges and mixer platforms.

“Criminals are constantly evolving their methods of attack, using AI and finding new ways to scale their activities. This means that reciprocally, we are also working to scale our technology and blockchain capabilities to track and identify the new methods criminals are using. Our work with Bitget reflects a shared urgency to expose these evolving threats and give users the tools to protect themselves,” said Arda Akartuna, Lead Crypto Threat Researcher, Elliptic, APAC. 

“This report reflects the real-world patterns we’re seeing on-chain every day. From phishing rings to fake staking dApps, the tactics may change—but the psychology is always the same. Users must be informed, skeptical, and security-minded at all times,” said Lisa, Security Operations Lead, SlowMist.

The report closes with actionable recommendations for both users and institutions, including scam red flag indicators and best practices for avoiding common traps in DeFi, NFT, and Web3 environments.

For the full report, please visit here.

About Bitget

Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 120 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices.

Formerly known as BitKeep, Bitget Wallet is a leading non-custodial crypto wallet supporting 130+ blockchains and millions of tokens. It offers multi-chain trading, staking, payments, and direct access to 20,000+ DApps, with advanced swaps and market insights built into a single platform. Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World’s Top Football League, LALIGA, in EASTERN, SEA and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.

For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet

Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.

The post Bitget Anti-Scam Report Shows AI-Related Scams Drive $4.6B in Crypto Losses in 2024 appeared first on BeInCrypto.

Analysts are pointing out that Ethereum (ETH) has now gathered several key factors. These are the very catalysts investors have long awaited to trigger a powerful new rally.

In June, these signals are becoming more evident, forming a solid foundation for short-term price expectations. So, what are these factors? Let’s dive in.

Why ETH May Be on the Verge of Its Biggest Breakout Ever

Axel Bitblaze, a well-known analyst on platform X, believes ETH is on the verge of its biggest breakout ever. According to him, four main catalysts are laying the groundwork for ETH’s upcoming strong growth.

One major reason Axel Bitblaze remains bullish on ETH is BlackRock’s aggressive accumulation. Since May 9, 2025, BlackRock has bought 269,000 ETH—worth roughly $673.4 million—without selling a single coin. This signals a long-term investment strategy in ETH.

Previously, BlackRock helped lead Bitcoin’s (BTC) price surge from $76,000 to $112,000, driven by massive inflows into its ETF. Now, with similar moves happening for ETH, many analysts believe this is a strong signal that ETH could soon break out.

Additionally, the latest report from BeInCrypto notes that ETH has recorded the strongest inflow streak since the US elections.

The second factor Axel Bitblaze highlights is the significant increase in Ethereum’s network activity. Last month, the number of transactions on the Ethereum network reached 42 million, the highest since May 2021. At the same time, daily active addresses rose to 440,000—also the highest in the past six months.

This reflects the network’s growing usage, particularly in areas like decentralized finance (DeFi) and stablecoin transactions.

The third factor Axel points out is that the ETH/BTC ratio has dropped to its lowest level in six years. The weekly RSI has also hit a record low, suggesting ETH is currently oversold. This often signals a potential trend reversal.

Moreover, over the past month, the ETH/BTC pair has already recovered by 30%, serving as an early confirmation of a possible reversal.

Finally, he highlighted the institutional demand for ETH as demonstrated by SharpLink Gaming recently raising nearly half a billion dollars to purchase ETH.

Based on these developments, Axel Bitblaze predicts that ETH could reach $9,000 by early 2026.

“By December 2025, ETH could trade around $6,000 to $6,500. The final leg up will happen in Q1 2026, and ETH will most likely trade above $9,000 before a blow-off top,” Axel Bitblaze said.

Beyond the catalysts Axel emphasized, the amount of ETH being staked hit a new high in June, with 4.65 million ETH now locked, nearly 30% of the current circulating supply.

This rise in staked ETH has pushed the available exchange supply to new lows in June. With supply tightening and institutional demand rising, pressure is building for upward price movement.

Is Ethereum Poised for a 2017-Like Rally?

In addition to Axel Bitblaze’s analysis, veteran trader Merlijn The Trader compared ETH’s current price cycle to the 2017 bull run. He believes ETH is now structurally positioned for an even stronger breakout.

“ETH IS COPYING 2017… BAR FOR BAR
2017: Breakout after reclaiming the 50 MA
2025: Same setup. Same level. Same tension.

Only difference?
2025 has a bigger engine, more fuel… and no brakes.” – Merlijn The Trader said.

At the time of writing, ETH has recovered more than 50% since early May and is trading above $2,600. However, a recent analysis from BeInCrypto notes that profit-taking has begun. This may act as short-term resistance to ETH breaking out above the weekly 50 MA, as Merlijn predicted.

The post Analyst Highlights 4 Reasons Why Ethereum May Be on the Verge of Breakout appeared first on BeInCrypto.

Polkadot’s DOT has witnessed a surge in trading activity over the past few days. Since last weekend, the altcoin has posted modest but consistent gains.

This move has been largely driven by renewed optimism surrounding pending regulatory decisions on DOT-backed exchange-traded funds (ETFs) in the United States. With one of those decisions expected to come on June 11, DOT is seeing a notable rise in demand among market participants.  

Polkadot Gathers Steam as ETF Decision Looms

Investor sentiment around DOT has grown increasingly bullish as the US Securities and Exchange Commission (SEC) prepares to issue its final rulings on two major ETF applications this month. 

According to a SEC filing dated April 24, the first decision, regarding Grayscale’s Polkadot ETF proposal, is expected on June 11, while a ruling on 21Shares’ Polkadot ETF is scheduled for June 24.

DOT is gaining steam ahead of the June 11 decision, with traders betting on a favorable outcome. 

This growing optimism is reflected in DOT’s price action, as it edges closer to its 20-day exponential moving average (EMA), a key indicator that signals a shift in momentum. At press time, DOT trades just below this key level, with mounting bullish pressure suggesting a potential breakout to the upside.

The 20-day EMA measures an asset’s average trading price over the past 20 days, placing greater weight on recent price movements. When an asset’s price breaks above the EMA, it is a bullish signal indicating that buyers are gaining control and a near-term uptrend may be forming. 

For DOT, a sustained move above this level could confirm the growing bullish sentiment and trigger further upward momentum.

Additionally, the coin’s funding rate across derivatives exchanges remains positive, suggesting that long-position holders are willing to pay a premium, another sign of growing confidence ahead of tomorrow’s decision. At press time, the metric sits at 0.0093%, per Coinglass.

The funding rate is a periodic fee between long and short traders in perpetual futures markets. It keeps contract prices aligned with the spot market. A positive funding rate indicates that long traders are paying shorts. This suggests bullish market sentiment and a higher demand for long positions.

DOT Rally Gathers Steam, But SEC Ruling Could Be a Game-Changer

DOT trades at $4.11 at press time, recording a 3% price gain over the past day. During that period, its daily trading volume has soared 76% to $230 million, highlighting strong investor demand behind the rally.

When an asset’s price and trading volume rise simultaneously, it shows strong market interest. It also confirms the strength of the price move. This combination suggests that DOT’s uptrend is backed by demand and may have further momentum.

In this scenario, DOT could break the resistance at $4.13 and climb to $4.37.

However, an unfavorable SEC decision tomorrow could shake investor confidence and spark sell-offs. This could drive DOT’s price down toward the $3.96 level.

The post Is Polkadot (DOT) Gearing Up for a Big Move Ahead of the June 11 ETF Ruling? appeared first on BeInCrypto.