CoinDesk Podcast Network Why 2025 Was a 'Big Year for Scam Activity
Dec 24, 2025
Ari Redbord, Global Head of Policy at TRM Labs and former prosecutor, explores the tumultuous landscape of crypto security in 2025. He highlights the staggering $53 billion in scams while also celebrating unprecedented asset recovery successes. Ari calls blockchains the "ultimate crime scene," showcasing how they're leveraged to reclaim stolen funds. The rise of AI-driven scams, escalating by 500%, poses new challenges, yet there's optimism as policymakers engage with the technology. Predictions for 2026 emphasize action and practical deployment of solutions.
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Scale Attracts Criminals
- Crypto crime rose as the ecosystem grew, attracting more illicit actors to where the money is.
- TRM reported about $53 billion in scams and fraud since 2023, making it an epidemic.
Prince Group Shows Whole-Of-Government Action
- The Prince Group case showed coordinated government action across agencies and countries.
- It included DOJ indictment, Treasury sanctions, UK travel bans, and a $15 billion forfeiture action.
Blockchain As An Investigative Superpower
- Blockchains act as immutable public ledgers that make every transaction traceable and permanent.
- Ari calls the blockchain the "ultimate crime scene" enabling unprecedented financial-crime investigations.