Bitget Warns of Escalating Multi-Asset Scams in New Report

The cryptocurrency exchange Bitget has launched its third annual Anti-Scam Month initiative to raise awareness about digital asset scams. The campaign comes with a new report, 'The Evolution of Fraud in the Multi-Asset Era,' which explores how scammers adapt to changing user behavior and interconnected financial systems.

The report finds that multi-asset scams have become increasingly sophisticated, incorporating social engineering tactics, AI-generated content, and various communication channels. According to Bitget Research data, users engaging with multiple asset classes increased from less than 1% in mid-2025 to over 10% by May 2026.

The report highlights several trends shaping the scam landscape, including AI-generated investor personas, deepfake scams, voice cloning attacks, synthetic investment communities, and advanced phishing campaigns. It also examines case studies of these tactics, such as a deepfake-based investment scam using the likeness of Cypriot President Nikos Christodoulides.

The report delves into the psychology of victims, common entry points for scams, and challenges in recovering stolen assets. Bitget emphasizes the importance of user education and awareness in preventing these threats, partnering with industry experts to provide practical tips on protecting digital assets.