AI-Powered Crypto Scams on the Rise: Bitget, SlowMist, and Elliptic Sound the Alarm

Hang onto your digital wallets, folks! A sizzling new report from Bitget, SlowMist, and Elliptic is blowing the lid off the skyrocketing world of AI-driven crypto crime. This ain't your grandpa's hacking scene anymore!

Get this: crypto crooks are getting slicker by the day, zeroing in on the human psyche like never before. The report, dropped on Tuesday, June 10, reveals that social engineering scams are blowing up—and get this, they're juiced up with AI to pull off their shady schemes with even more success.

"In 2024, nearly 40% of those high-stakes frauds were pulling deepfake tech moves. And behind most of these cons—from those Trojan job offers to Ponzi-like 'staking platforms'—there's some slick social engineering designed to play on your trust, fear, or straight-up greed," the Bitget report dishes out.

Check this out: scammers are whipping up AI-generated videos of big shots like Elon Musk to give their scam projects that extra oomph of social proof. And it doesn't stop there—AI vids are also sneaking past KYC systems and even roping victims into live phishing Zoom calls. It's wild out there!

But wait, there's more! The job market's turning into a hotbed for these social engineering scams. Scammers are masquerading as recruiters, hunting for devs and tricking job seekers into downloading what seems like a task project. But guess what? It's a Trojan virus ready to hijack their computers. Sneaky, right?

How to Shield Yourself from AI Crypto Scams

The blockchain security gurus at SlowMist are dropping some serious wisdom on how to dodge these AI-powered scams. First off, be super skeptical of those flashy promos on social media. Those job offers, ChatGPT trading bots, or those too-good-to-be-true staking returns? Approach with caution, my friends.

These social engineering scams are all about cranking up the urgency. But here's the deal: traders gotta hit the pause button and ask themselves if that offer's really legit. Same goes for those videos of celebs pushing crypto launches—do your due diligence and double-check through official sites or trusted news sources.

"Listen up, in a world where AI can mimic anyone, your security's gotta start with skepticism—and end with all of us banding together," the Bitget report lays it out straight.

SlowMist's also sounding the alarm on clicking links or downloading files from group chats or social media comments. But don't worry, tools like ScamSniffer have got your back by automatically blocking those phishing links. And if you're worried about rug pulls, check out MistTrack to see if that wallet address is tied to any known scams.