Crypto Scams Surge 200% in 2025, Driven by AI Deepfakes and Multi-Stage Schemes

GoPlus Security has recently highlighted a growing trend of sophisticated multi-stage crypto scams that involve micro-transactions and front-running bots to drain victims’ wallets. These scams begin with seemingly legitimate projects that offer “zero-cost, stable USDT rewards” in exchange for completing simple tasks. The scammers then send small tokens and minimal USDT over several days to build trust. Once users grant token approval permissions, often to externally owned accounts (EOAs), the scammers continue sending rewards while monitoring wallets. When a user’s balance crosses a threshold or revocation activity is detected, high-speed front-running bots quickly drain the funds.

GoPlus Security warns users against granting unlimited token approvals, especially to EOAs, and urges the adoption of proactive on-chain security tools. The firm emphasizes that there is no such thing as free money and advises users to be cautious of projects that claim easy earnings through participation. These findings align with recent guidance from on-chain investigators, who recommend verifying token contracts and approval histories, and using tools that limit permissions or automatically revoke dormant approvals.

In addition to blockchain-based scams, deepfake AI technology is being exploited to amplify crypto fraud. Scammers use synthetic media to impersonate trusted figures and lure victims into fraudulent schemes. In early 2025, deepfake-related scams caused over $200 million in losses, reflecting the growing scale of AI-assisted fraud in the crypto space. For instance, Binance co-founder Changpeng Zhao warned about AI-generated clips promoting fake investment platforms falsely endorsed by major crypto personalities. Similarly, Ashesi University in Ghana denounced a deepfake impersonation of its president, Patrick Awuah Jr., used to promote a scam called “Crypto Klutz.”

Cybersecurity firm McAfee reported that the average person now encounters three deepfake videos daily and outlined red flags for spotting AI-enhanced crypto scams. These include too-good-to-be-true promises, fake celebrity endorsements, non-existent exchanges or wallets, urgency tactics, and demands for private keys or upfront payments. The rapid scaling of operations through generative AI and synthetic media has led to significant financial losses, with deepfake-assisted fraud surpassing $200 million in Q1 2025 alone.

As on-chain scams become more patient and AI deepfakes more persuasive, the crypto community faces a dual-threat environment. Users must stay informed and exercise extreme caution to protect their assets. Safeguarding crypto investments hinges on vigilance against the rising tide of AI-driven deception. The emergence of sophisticated multi-stage scams and the adoption of deepfake technology by fraudsters presents significant challenges for crypto enthusiasts, requiring heightened awareness and proactive security measures.