New York Warns AI Fuels Investment Scams: 2025 Losses Exceed $8 Billion, Up 38% YoY

August 29 - According to Bitcoin.com, 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 U.S. reported investment fraud, with reported losses exceeding $8 billion, up 38% year-over-year, and a median loss of $10,560. These scams may originate from social media, dating apps, text messages, emails, online ads, or seemingly friendly conversations.