The Rise of AI-Powered Attacks Threatening Crypto Trading Platforms
AI has made it cheap and fast to generate convincing scam campaigns. With scam deposits rising 200% year-over-year and 60% of scam funds now tied to AI-enabled fraud, trading platforms are facing an industrialized wave of deception. What once required sophisticated criminal networks can now be automated by anyone with basic technical skills. Crypto crime drained $2.17 billion in H1 2025 alone, already surpassing 2024's total. While the ByBit hack took the headlines, analysts warn that AI-driven infiltration and phishing are eating away at platforms daily, in smaller but relentless amounts.