Crypto scams spread across more asset classes

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Bitget report details rise of multi-asset fraud

Bitget blocked more than 150 million malicious requests between July 2025 and June 2026 as fraud campaigns spread beyond cryptocurrency into stocks, tokenized assets, CFDs, wallets and AI-powered investment tools.

The figures appear in Anti-Scam Report 2026, titled “The Evolution of Fraud in the Multi-Asset Era”. The exchange released the study on June 29, 2026, in Victoria, Seychelles, with blockchain security firm SlowMist as research partner for the third Anti-Scam Month campaign.

According to Bitget Research, the share of active users using two or more asset classes rose from under 1% in mid-2025 to more than 10% by May 2026. That shift has pushed scammers to build schemes that move across several products and platforms at once.

During the same 12-month period, the company identified more than 13,000 high-risk malicious IP addresses. It also handled 18,135 user protection cases and supported the recovery of $32.3 million linked to security incidents and fraudulent activity.

Gracy Chen, chief executive of Bitget, said: “Security challenges evolve alongside markets. As more users participate across crypto, stocks, tokenized assets and AI-powered products, fraud campaigns are becoming sophisticated in how they build trust and influence decision-making.”

Deepfakes, voice cloning and wallet drains

Research from Bitget and investigations by SlowMist found that many successful scams no longer rely on one point of compromise. Fraud operators now guide victims through social media, messaging apps, investment communities, phishing infrastructure and wallet activity before assets are stolen.

The report lists AI-generated investment personas, deepfake-enabled scams, voice-cloning attacks, synthetic investment communities, wallet-draining operations, malicious smart contracts and more sophisticated phishing campaigns among the main threats in 2026.

One case in the study involved a deepfake investment scam that impersonated Cypriot President Nikos Christodoulides. Another involved an AI-generated investment advertising campaign that reportedly defrauded thousands of Swedish investors.

The report also examined the Truman Show synthetic community scam, which used about 90 fabricated investor identities, and the Rublevka Team wallet-draining operation documented in early 2026.

Since users now move between crypto, tokenized assets, stocks, CFDs, wallets and AI-led tools, scammers can switch narratives and channels while targeting the same person. Mix of social engineering, AI-generated content and multi-channel contact is now common in digital finance fraud.

Anti-Scam Month entered its third year with the 2026 report. Bitget said the campaign will also include educational materials, security awareness work and joint efforts with industry partners.

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Priya Nair
Priya Nairhttp://www.Melbourne-Insider.au
Priya Nair writes about business, the economy and the world of work for Melbourne Insider. She reports on the companies, industries and economic decisions shaping Victoria, translating complex announcements into what they mean for local businesses and workers.
Priya Nair
Priya Nairhttp://www.Melbourne-Insider.au
Priya Nair writes about business, the economy and the world of work for Melbourne Insider. She reports on the companies, industries and economic decisions shaping Victoria, translating complex announcements into what they mean for local businesses and workers.

Melbourne’s biggest moments, straight to you.