AI has been a boon for crypto scammers

• Artificial intelligence helped boost crypto scam revenue to record levels in 2024, Chainalysis says.
• AI allows scammers to impersonate others and generate realistic-looking content.
• Revenue from pig butchering scams jumped 40% year-over-year.

Investors cheered the artificial intelligence boom last year, but the tech also fueled a dizzying rise in illicit activity in one corner of the market.

Cryptocurrency scammers embraced AI to rake in massive profits in…