A record-breaking year for crypto has brought in millions of new investors – but also an unprecedented number of scams. Bitcoin reached an all-time-high in May, pushing the overall market above $3 trillion. That same month, more than $600 million was lost to scammers, according to the Crypto Crime Report.
Cyber criminals and fraudsters have been emboldened by the arrival of new investors unfamiliar with the space, while new technologies like generative artificial intelligence have made it easier than ever to pull-off lucrative scams.
