New York Officials Warn of Rising Investment Scams Driven by AI and Fake Crypto Projects

New York state officials have issued a warning regarding the increasing sophistication of investment scams fueled by AI-generated content and fraudulent cryptocurrency projects. According to data from the U.S. Federal Trade Commission, 144,041 consumers reported investment scam losses totaling over $8 billion in 2025, marking a 38% increase from 2024 with a median loss of $10,560 per report. Scammers are employing deepfake celebrity endorsements, counterfeit trading platforms, and fabricated account balances to deceive investors. Authorities advise consumer