New York Warns of Fake Crypto and AI as Scam Losses Hit $8 Billion
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Artificial intelligence is making investment scams more convincing, ranging from cloned celebrities to cryptocurrency platforms exhibiting fictitious profits. A New York alert, based on FTC data, sizes the cost of fraud and offers signals to prevent it.
New York Sounds Alarm as AI-Powered Crypto Fraud Tops $11 Billion in 2025
New York is done playing nice about this. The state’s Division of Consumer Protection put out a formal warning on… Read the original on New York’s Warning: AI-Driven Crypto Fraud Exceeds $11 Billion in 2025. For more crypto news and analysis, visit TheCurrencyAnalytics.com.
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New York Warns of Fake Crypto and AI as Scam Losses Hit $8 Billion
New York officials are warning that AI-generated content and fake cryptocurrency projects are making investment fraud more convincing. Reported investment scam losses exceeded $8 billion in 2025, rising 38% from the previous year. Investment Scam Losses Rise 38% Investment scams became the...
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