Chainalysis： Driven by the "pig killing disk" and AI, cryptocurrency fraud may reach a new high in 2024

According to CNBC, blockchain research firm Chainalysis warned in a report released on Thursday that as cybercriminals utilize artificial intelligence and become more organized, "pig killing" scams have surged, with estimated cryptocurrency fraud revenue reaching a historic high last year. According to its preliminary estimate, in 2024, cryptocurrency wallets related to fraud received $9.9 billion in cryptocurrency. The company predicts that as Chainalysis discovers more fraudulent wallets, the number will grow to a record high of $12.4 billion by 2024. Chainalysis added that since 2020, its annual estimate of fraud activities for the reporting period has increased by an average of 24%, and the main reason for the increase in fraud revenue is the prevalence of "pig killing plate" scams. According to Chainalysis, in 2024, the revenue from "pig killing scams" increased by nearly 40% year-on-year, while the number of deposits defrauded by "pig killing scams" increased by nearly 210% during the same period. The company stated that these different growth rates indicate that the victim population is expanding, and fraudsters are more inclined to target more victims at the cost of smaller payments. Although the "pig killing plate" fraud mainly originates from large fraud dens in Southeast Asia, the report points out that there are signs that these fraud centers have begun to become more dispersed geographically.