Amid Bitget's anti-scam awareness campaign, the accounts of Gracy Chen on Telegram and X platform were hacked.
Fresh Take on the Scourge of Crypto Scams: Bitget's Wake-up Call
June 13 saw a chilling reminder for the crypto community as Gracy Chen, CEO of Bitget, found her Telegram and X accounts under cyber attack. Despite regaining control of her X account, Chen's Telegram recovery was still in progress. The incident followed a suspicious media interview and strange messages from her X account. These unauthorized communications, laden with suspicious links, warned the community about the grim reality of cybercriminals exploiting platform vulnerabilities in real-time.
Cryptogrub's 2025 Anti-Scam Report: The Rise of AI-Powered Deception
On June 10, Bitget, in collaboration with security firms SlowMist and Elliptic, unveiled their 2025 Anti-Scam Report. The study warned of an alarming surge in AI-driven crypto scams, causing investors to lose a staggering $4.6 billion in 2024. The report highlighted the growing sophistication of fraud tactics and AI-powered deception as the biggest threat, surpassing traditional risks like market volatility.
Common tactics in this era include deepfake impersonations via Zoom, AI-generated influencer videos, social engineering through job offers laced with Trojans, and Ponzi-like DeFi and NFT schemes targeting retail users. Comment sections on Telegram and X emerged as frequent phishing entry points. The report underscores the need for increased awareness and robust technical defenses to counter these AI-driven attacks.
Gracy Chen's Compromised Account: A Real-time Warning
Following the media interview that "felt a bit off," Chen disclosed her Telegram account compromise. Unauthorized messages were sent from her X account, potentially targeting her contacts with suspicious links. Despite regaining control of the X account, Chen's Telegram recovery was still underway. The breach underlined the real-time threats of scammers exploiting social engineering and platform vulnerabilities.
A Call to Vigilance: Bitget's Anti-Scam Campaign
On June 10, Bitget launched their "Anti-Scam Month" campaign, coinciding with the release of the Anti-Scam Report. This initiative aimed to educate users about modern scam techniques and equip them with defense tools. With AI lowering the cost and speed of creating scams, Chen urged the community to "KEEP DOUBTING" every communication. The campaign emphasized the need for continuous learning and cooperation across the crypto ecosystem to combat these evolving threats.
Bitget's Strategic Approach to Scam Prevention
Bitget's Anti-Scam Report outlines a strategic approach to scam prevention, combining education, security audits, and technical upgrades. The campaign seeks to foster investor trust and raise industry standards. Chen emphasized that AI scams have become "faster, cheaper, and harder to detect." The company calls for an industry-wide response to fight the evolving threats that align with Bitget's previous research on global financial stability and investor education.
Staying Safe in the Crypto Landscape
From the account breach on June 13 to the insightful Anti-Scam Report, the crypto landscape is filled with deceptive traps. As scammers leverage AI and social tactics, users must remain vigilant and informed. Bitget's campaign underscores the importance of education, constant verification, and smart practices for cybersecurity. The fight against AI-driven scams requires continuous updates in defenses and a more informed and alert community. In the rapidly evolving digital asset world, learning, action, and community support are the keys to a safe crypto journey.
Insights into AI-Driven Crypto Scams
- Deepfake Scams: AI-generated videos or audios impersonate trusted figures to trick victims.
- AI-Generated Phishing: Sophisticated phishing emails, websites, and messages mimic natural language for personalized attacks.
- Fake Investment Bots: AI trading bots offer fake signals to lure users into investing.
- Fraudulent Automated Trading Platforms: Entire trading websites or apps are built around fake AI algorithms.
- KYC Bypass: AI-generated images and credentials are used to bypass KYC controls and 2FA.
- Chatbot Scams: AI-powered bots pose as moderators or project administrators in crypto communities.
- AI Customer Support Impersonation: Scammers mimic support agents from exchanges or wallet providers.
- AI-Assisted Pig Butchering Scams: Scammers gain trust over time before convincing victims to invest in fake platforms.
Protection Measures
- Verify Sources
- Use Strong Security Measures
- Be Cautious with AI Tools
- Stay Informed
- Report Suspicious Activity
- The compromise of Gracy Chen's Telegram and X accounts served as a real-time warning about the dangers of AI-driven scams in the crypto landscape.
- Bitget's Anti-Scam Month campaign, launched on June 10, aims to educate users about modern scam techniques and equip them with defense tools in the face of AI-powered deception.
- The Anti-Scam Report, compiled by Bitget, SlowMist, and Elliptic, reveals that AI-driven scams are becoming faster, cheaper, and harder to detect, surpassing traditional risks like market volatility.
- The report also highlights the growing sophistication of fraud tactics, including deepfake impersonations, AI-generated influencer videos, social engineering, and Ponzi-like DeFi and NFT schemes.
- To combat these threats, Bitget's strategic approach to scam prevention combines education, security audits, and technical upgrades, with a focus on fostering investor trust and raising industry standards.
