Although as time passes more followers and strengthens in the market as an investment alternative, the cryptocurrency market still has great security challenges, given that the arrival of more and more people interested in increasing their income from this half, goes hand in hand with the scammers, They seek to capture unsuspecting to remove money.
The Chainysis firm recently announced that in 2024, cryptocurrency scam More illicit addresses associated with frauds and scams in the coming months.
More news: Telecall lost investor and seeks treatment like Wom’s
“Since 2020, our annual scam activity estimates have grown on average by 24% between each period. Assuming a similar growth rate between now and the report of next year, our annual totals by 2024 could exceed 12,000 million dollars, ”they said.
These experts said that in recent years, fraud and scams With cryptocurrencies they have continued to increase in sophistication, as the fraud ecosystem is professionalized, which is generating great challenges for all companies that are part of the sector and must learn to take care of their customers money.
“Operations such as Huione Guarantee, a peer-to-peer (P2P) market, offer a series of illicit services that support Pig Butchering’s scam operations and serve as a single window for the needs of the scammers. These services cover from the technological infrastructure necessary to start the scams to money laundering services to hide the illegal activity and collect, ”they explained.
Scams
Courtesy – API
This report also put on the table that last year, high performance investment scams (Hyis) and Pig Butchering scams received The largest amount of cryptocurrencies between the subclasses of scams, with 50.2% and 33.2% respectively.
“Despite obtaining half of all income from scams in 2024, Hyis revenues decreased 36.6% compared to the previous year, while Pig Butchering revenues increased almost 40%,” they said.
Also read: Arab countries would be interested in buying part of Colombia’s external debt
PIG BUTCHERING: growing threat
Explaining what the scams of ‘pig butchering are, They pointed out that they are also known as investment or romantic scams and are aimed at individuals and establish relationships with them, convincing them that they invest in fraudulent opportunities, and originate predominantly through large complexes of scams in southeast Asia.
“In 2024, the activity in the chain indicates that five types of scams grew: Pig Butchering, direction poisoning, cryptocurrency drains, livestream and blackmail/dripping/extortion,” they said from Chainysis.
Cryptocurrencies
Istock
On the other hand, they said that while the average amount of deposits for ‘Pig Butchering’ scam of this type and that the scammers could devote less time to prepare to the objectives and, therefore, receive minor payments, in exchange for addressing more victims.
“Cryptocurrency drains, another destination of large flow flow of interannual growth of the number of deposits, ”they said.
Other news: Barranquilla Carnival as an economy and tourism promoter
Navigate with caution
Taking into account that the appearance of scammers In increasing industries it is not something new and that whenever a market opens, there is no lack of those who want to take advantage of criminal activities, from Chainysis they advised that it is best to be constantly in preparation.
“Like cryptocurrency drains, direction poisoning attacks use the chain infrastructure to cheat victims. The scammers choose a goal and study their transaction patterns and their most frequent contacts, ”says the report.
Cryptocurrencies
Istock
On the other hand, in another modality, they stressed that “using an algorithm, the scammers generate a new cryptographic direction similar to one with which the objective interacts regularly, and sends a small transaction From this newly created address to poison the target addresses. ”
“In 2024, the shipment of cryptocurrencies to direction poisoning scams grew more than 15,000%, largely driven by a single mass attack in May. Chain data show that address poisoning scammers are directed to users with higher wallet balances than the average, ”they said.
You can intersate: This is the ‘most coveted’ Colombian flower in the world
Said all of the above, they closed recognizing that the analysis of the scams of 2024 cryptocurrencies reveals a complex and evolving panorama, although they also put on the table that there are already some platforms that allow the sophistication and professionalization of the scam ecosystem, and highlight the persistent and adaptable nature of these illegal activities.
In this sense, they also said that the potential of AI technology to exponentially climb cryptophas criminals
However, although they emphasize that companies invest millions of dollars every year to improve their protection and care systems of customers who trust their money in them, warned that care begins with each person’s habits and assuming practices how to verify more than once all information and avoid entering pages of doubtful origin.
