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

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

Share


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.





Source link

Share

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Don't Miss

‘Relishing the opportunity’: Finance expert rejoins EY in senior Yorkshire role after Croda spell

Published 21st Apr 2026, 05:45 BSTJason Kenneally, a transactions professional with more than 15 years of experience in the Northern market, is also...

Bitzero Holdings Inc. Receives Approval to List on The Nasdaq Stock Market

Vancouver, British Columbia--(Newsfile Corp. - June 4, 2026) - Bitzero Holdings Inc. (CSE: BITZ.U) (OTCQB: BTZRF) (FSE: 000) ("Bitzero" or the "Company"),...

Related Articles

British olympic sprinter CJ Ujah denies role in alleged cryptocurrency fraud

For free real time breaking news alerts sent straight to your inbox...

Cryptocurrency prices mostly decline with Bitco…

Cryptocurrency prices mostly decline with Bitcoin near $64K amid mixed market movementsMost...

Bitcoin ETFs see $225M outflows as tech earnings dampen risk appetite; Ether ETFs attract $26M inflows. – Pluang

Bitcoin ETFs see $225M outflows as tech earnings dampen risk appetite; Ether...

Bitcoin settles near $65,000 as oil’s march toward $100 fails to spook the market

The crypto market is closing out the week on a constructive note,...