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AI crypto scams soar in US as annual losses top $11bn

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Victims coaxed into transferring stablecoins to phony investment websites

20260605N Tether

Criminal organizations prefer stablecoins like Tether to unpegged cryptocurrencies because they avoid volatility. © Reuters

NEW YORK — Cryptocurrency scams are exploding in the U.S., resulting in annual losses exceeding $11 billion, as the spread of artificial intelligence gives scammers more sophisticated ways to deceive victims.





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