New York Warns of Fake Crypto and AI as Scam Losses Hit $8 Billion

NewsSat, 29 Aug 2026 05:30:59 UTC2 hours ago
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 costliest fraud category tracked by the Federal Trade Commission in 2025, according to [โ€ฆ]
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