#CryptoScamSurge Crypto scams have surged to alarming levels, with losses reaching $9.3 billion in 2024, a 66% increase from 2023, according to the FBI's Internet Crime Complaint Center. AI-powered scams are becoming increasingly sophisticated, using deepfakes and social engineering tactics to deceive victims. "Pig butchering" scams, where scammers build trust before draining funds, have seen a 210% jump in deposits linked to these scams. Senior citizens are disproportionately affected, with $2.8 billion in losses reported. Experts warn that the true figure may be higher due to underreporting, emphasizing the need for vigilance and education ¹ ².