New York Warns of Fake Crypto and AI as Scam Losses Hit $8 Billion
Key Takeaways Investment scam losses surpassed $8 billion in 2025. AI helps fraudsters create convincing voices, videos, and ads. Fake crypto projects impersonate established businesses to lure investors. Investment Scam Losses Rise 38% Investment scams became the costliest fraud category tracked by the Federal Trade Commission in 2025, according to New York officials. The state’s…
