New York State officials warn that AI and fake crypto projects will result in fraud losses of over $8 billion by 2025
2026-08-29 13:40:20
According to CoinMeta, as reported by bitcoin.com and news, officials in New York State have warned that content generated by artificial intelligence, along with fake cryptocurrency projects, makes investment scams more deceptive. Data from the U.S. Federal Trade Commission shows that in 2025, 144,041 consumers reported losses from investment scams, amounting to over $8 billion, a 38% increase from 2024, with the median loss per report being $10,560. Scammers use deep-faked endorsements from celebrities, counterfeit trading platforms, false balances, and transaction records to induce investors to make transfers. Officials in New York State advise consumers to verify the identity of promoters, the authenticity of projects, and the flow of funds, and to be wary of risk signals such as promises of high returns, proactive invitations, and aggressive sales pitches.
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Source:Internet
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