The rise of “butcher” blows and the growing use of general artificial intelligence probably raised encryption blows to a high record by 2024, according to the Blockchain Chazalysis analysis company.
The revenue of pig massacre blows, where the authors cultivate relations with individuals and convince them to participate in fraudulent schemes, increased almost 40 % by 2024 compared to the previous year, the company estimated in a report published on Thursday.
Revenue in 2024 cryptographic blows It was at least $ 9.9 billion (approximately RS. 85,996 crore), although the number may rise to a high record of $ 12.4 billion (approximately RS. 1.07,711 crore) after more data became available .
“Fraud of encryption and blows continued to increase sophistication,” said chain researchers.
The company pointed to markets that support pig massacre operations and the use of Genai as factors that make it easier and cheaper scammers expand operations.
In fact, Genes Technology could potentially “exponentially climb the cryptographic blows,” the Chaisalisia said.
The company, which tracks transactions data available to the public Blockchain To identify coup revenue, said encryption fraud activity has grown 24 % each year, on average since 2020.
Cryptocurrencies, mainly BitcoinThey have risen in price and popularity in recent years as investors have pursued banner returns and interest in blockchain technology.
The sector has jumped significantly since the victory of US President Donald Trump in the November elections in the hope of an easier regulatory environment.
Other particularly lucrative blows included encryption drainagers, where scammers represent Blockchain projects and assume control of victims’ encryption portfolios and high performance investment blows that promised exaggerated returns, according to the jail.
In January 2024, an encryption exhaustor represented as the US securities committee after the regulator’s account X was compromised.
Cryptocurrency ATMs boxes There were also important points for scams, according to Chaineseis, with the authors often representing government officials or customer support agents to convince victims to deposit money on machines.
© Thomson Reuters 2025
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