- The report reveals rising crypto scams utilizing deepfakes and AI.
- Bitget, SlowMist, and Elliptic lead the anti-fraud initiative.
- The report aims to improve user security awareness in crypto.
Report Findings and Collaborations
The reported scams use AI and deepfakes, posing significant dangers for users. The community perceives this report on rising crypto scams as a crucial step towards combating deception in the crypto industry.
Bitget, SlowMist, and Elliptic collaborated on a report exposing high-risk crypto scams. These findings indicate an escalation of tactics using AI and deepfakes, impacting all major cryptocurrencies. Released in June 2025, it underscores the need for heightened awareness and defenses. This effort is backed by industry leaders like Bitget’s CEO Gracy Chen and Elliptic’s researcher Arda Akartuna. The trio aims to educate users and shield against ongoing fraudulent activities.
“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. 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.” — Gracy Chen, CEO, Bitget
The financial markets face heightened uncertainty as crypto scams become more sophisticated, affecting user confidence industry-wide. Bitget’s Protection Fund highlights their commitment to security. The report raised industry awareness, prompting exchanges and regulatory bodies to consider adopting stringent security practices. Collaborative efforts continue with a shared goal of outpacing evolving threat vectors.
Future Directions
Industry leaders are expected to enhance their technology and policies, reflecting past trends where scams precipitated market volatility and undermined trust. As blockchain security evolves, the rise of advanced protection measures is anticipated. This ongoing vigilance is critical to preserving user assets and maintaining the industry’s integrity.
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