In 2024, pig butchering scams emerged as the most significant crypto fraud scheme, resulting in $3.6 billion in losses, predominantly on the Ethereum blockchain. The scams, tracked by web3 security firm Cyvers, involved over 150,000 addresses and 800,000 transactions. These long-term frauds, where victims are groomed over time to invest in fraudulent crypto platforms, have seen a rise in sophistication, with scammers using dating apps and social media to lure victims. Cyvers recommends enhanced user education, wallet security measures, and stricter regulations to combat these scams. Additionally, a sophisticated phishing campaign using fake Zoom meeting links has stolen over $1 million in cryptocurrency, exploiting users' trust in communication platforms to deploy malware and steal sensitive data. Cyber threats increased by 40% in 2024, resulting in $2.3 billion in losses across 165 incidents, with Ethereum being the primary target. The Zoom phishing scam, linked to Russian-speaking hackers, converted stolen crypto into 296 ETH.