In 2025, cryptocurrency scams are on track to cause record losses of around $17 billion, up sharply from roughly $12 billion in 2024, according to blockchain analytics firm Chainalysis. The surge has been driven by artificial intelligence and impersonation tactics that make fraud schemes faster, more convincing and far more profitable — average scam payouts jumped from about $782 to $2,764. Impersonation scams, where criminals pose as trusted entities, grew over 1,400 %, and scams tied to AI tools generated about 4.5 times more revenue than traditional ones. Deepfakes, automated phishing and sophisticated social engineering have boosted criminals’ reach, though law enforcement still reported major seizures of illicit crypto linked to these networks.