FTC · New York · Bitcoin.com News
New York Signals of Fake Crypto and AI as Scam Losses Hit $8 Billion
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New York officials are warning that AI-generated content and fake cryptocurrency projects are making investment fraud more convincing.
Key facts
- The FTC’s own April consumer alert put the same 2025 total at more than $7.9 billion, with a median individual loss above $10,000
- The FBI received reports of $20.877 billion in internet-crime losses during 2025, while complaints involving cryptocurrency accounted for $11.37 billion.…
- The state’s Division of Consumer Protection issued an AI investment scam warning on Aug. 26 after 144,041 consumers reported losing more than $8 billion, a 38% increase from 2024
- Investment scams became the costliest fraud category tracked by the Federal Trade Commission in 2025, according to New York officials
Summary
AI helps fraudsters create convincing voices, videos, and ads. Investment scams became the costliest fraud category tracked by the Federal Trade Commission in 2025, according to New York officials. The schemes can begin through social media, dating apps, text messages, emails, online advertisements, or apparently friendly conversations. “New Yorkers need to be vigilant against scammers, who may be able to create increasingly sophisticated and realistic messaging using AI technology or other means to steal your hard-earned money.