๐๐๐SCAM๐๐๐ 2025 The Biggest Scam: Pig Butchering (Cryptocurrency Investment Fraud)The top scam by far in 2025โฆ

๐๐๐SCAM๐๐๐ 2025 The Biggest Scam: Pig Butchering (Cryptocurrency Investment Fraud)The top scam by far in 2025 was pig butchering (also called long-term confidence or high-yield investment scams). sofi.com +2 How it works: Fraudsters contact victims via social media, dating apps, or messaging (often posing as attractive or successful people). They build trust over weeks or months ("fattening the pig"), then introduce fake crypto investment opportunities. Victims get directed to bogus platforms where they deposit funds, see fake profits, and lose everything when they try to withdrawโor the site vanishes. Why so common and damaging: It combines romance/friendship scams with investment hype. The FBI calls it one of the most prevalent schemes, with global losses since 2020 exceeding $75 billion. sumsub.com In 2024 alone (leading into 2025 trends), U.S. losses to crypto investment fraud hit around $9.3 billion. sofi.com Related trend: Many victims were instructed to use Bitcoin ATMs or QR codes, leading to a record $333 million lost to crypto ATM scams in 2025 (JanโNov, over 12,000 complaints). wpbf.com +1 Other Major Crypto Scams in 2025 Rug pulls โ Developers hype a token or DeFi/NFT project, collect funds, then drain liquidity and disappear. sofi.com +1 Common in memecoins. Phishing and drainers โ Fake sites/emails steal keys or trick users into signing transactions that empty wallets. Phishing losses dropped sharply (83% to \~$84 million), but "drainers" rose. finance.yahoo.com +1 AI deepfakes and impersonation โ Scammers use AI videos/audio of celebrities (e.g., fake Elon Musk) for giveaways or endorsements. sumsub.com Fake giveaways/pump-and-dumps โ Promises of free crypto if you send some first, or coordinated hype to inflate and crash prices. sofi.com Overall illicit crypto activity hit record highs in 2025 (e.g., $154 billion to bad addresses per Chainalysis), fueled by organized networks, though scams specifically competed with rising hacks for losses. chainalysis.com