Bitget's anti-scam initiative uncovers unauthorized access and data breach of Gracy Chen's Telegram and X account.
In the whirlwind of crypto, a chilling reminder snaked its way through the community on June 13. Gracy Chen, Bitget's fearless CEO, found herself locked out of her Telegram and X accounts—a daunting predicament brought about by a suspicious media interview and some unauthorized messages from her X account that left a sour taste. The gaslighting took an ominous turn as phishing DMs started targeting her contacts. Although the X account regained control, the Telegram recovery was still a work in progress. The dark cloud descended amidst Bitget's ongoing "Anti-Scam Month" initiative, making it a haunting testament to the rising AI-powered fraud in the crypto universe.
But this is not just a grim fairytale. Bitget shed light on this menacing reality with their 2025 Anti-Scam Report, released on June 10. A joint effort with SlowMist and Elliptic, the report unfurled a tale of woe that foretold a crushing $4.6 billion worth of losses due to scams in 2024. In the cruel game of cat and mouse, AI-powered deception surpassed traditional risks, such as market volatility, and assumed the throne of the biggest threat looming large.
With AI in the driver's seat, it's not just fake videos of CEOs beckoning from Zoom calls or AI-generated influencer spiels that take center stage. Scammers have upped their ante with deepfake impersonations via Zoom, AI-generated influencer videos, and social engineering through Trojan-laced job offers. They've even concocted Ponzi-like DeFi and NFT schemes that target the retail users, causing chaos in the DeFi and NFT sectors. And let's not forget Telegram and X comment sections becoming inviting entry points for phishing attacks.
Gracy Chen's harrowing entanglement in the tangled web of scams served as a unsettling live demonstration, highlighting the treacherous way scammers manipulate social engineering and platform vulnerabilities. In the wake of the incident, she advised the community to ignore strange DMs and avoid clicking on suspicious links, mirroring the warnings from Bitget's Anti-Scam Report.
Bitget's "Anti-Scam Month" campaign, unveiled on June 10 alongside the report, intends to educate the clan on savvy modern scam tactics and furnish them with defense tools. Chen emphasized that knowledge is indeed power, posting, "Anti-scam survival 101: KEEP DOUBTING" on June 11. She encouraged the community to keep questioning unfamiliar messages and verify every communication source.
The report shed light on several trends that fuel scam growth, including AI, which lowers the cost and speed of creating scams. The report also underscored that emerging technologies enable deepfake impersonations, cross-chain bridges, and mixers that serve as convenient hideaways for stolen funds. The campaign underscored that safety in the crypto realm requires continuous learning and cooperation across the ecosystem.
Bitget is, in turn, taking a proactive approach to combat these escalating threats, blending education, security audits, and technology upgrades. The aim is to foster trust among the investors, elevate industry standards, and keep scammers at bay. Bitget's long-term commitment to financial literacy is further reiterated by Chen's participation in the Andrew Lo seminar.
In the age of AI-driven scams, vigilance has taken center stage. Bitget's cautionary tale underscores the need for awareness, constant verification, and mindful practices to create a safe space in the world of digital assets. The crypto landscape demands evolved defenses and better community awareness to thwart the ever-shifting face of scammers. Bitget's "Anti-Scam Month" aims to saddle up the community with the knowledge and tools needed to navigate this treacherous digital territory. Gracy Chen's real-life scuffle with scammers echoes a single, resounding message: To survive and thrive in cryptoland today, one needs to be schooled, swift, and supported.
- Gracy Chen's experience highlights the pervasive issue of AI-powered scams in the crypto universe, a problem detailed in Bitget's 2025 Anti-Scam Report, released on June 10.
- The report warns that AI lowers the cost and speed of creating scams, enabling deepfake impersonations, cross-chain operations, and the use of mixers to hide stolen funds.
- Bitget's "Anti-Scam Month" campaign, launched on June 10, aims to educate the community about modern scam tactics and provide defense tools, encouraging continuous learning and cooperation across the crypto ecosystem.
- Gracy Chen encourages the community to question unfamiliar messages, verify communication sources, and avoid clicking on suspicious links, reflecting the advice in Bitget's Anti-Scam Report.
- Bitget is committed to combating scams through a proactive approach that includes education, security audits, and technology upgrades, with the goal of fostering trust among investors, elevating industry standards, and keeping scammers at bay.
