TRM Labs: AI crypto fraud up 500%; Chainalysis sees 4.5 times revenue, 9 times deals

TRM Labs reports that AI‑enabled crypto fraud activity rose about 500% over the past year, with generative tools accelerating phishing, identity theft, and laundering. Chainalysis says these operations earn 4.5 times more per scheme and generate 9 times more daily transactions than non‑AI scams. Recent incidents include large holder losses and U.S. seizures linked to pig‑butchering rings.