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      New York State warns AI fuels investment scams: losses exceed $8 billion in 2025, up 38% year-over-year

      PANews reported on August 29, according to Bitcoin.com, that New York state officials warned that AI-generated content and fake cryptocurrency projects are making investment scams more deceptive. In 2025, a total of 144,041 consumers across the United States reported falling victim to investment scams, with reported losses exceeding $8 billion, a year-over-year increase of 38%, and a median loss of $10,560. These scams may begin on social media, dating apps, text messages, emails, online advertisements, or seemingly friendly conversations.


      Source: PANews
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      Terra Founder Do Kwon Sentenced to 15 Years in Prison for Fraud