AI-fueled crypto scams are booming, up 456%

[avikz]

No doubt about it! Crypto scams are becoming more and more common. Now with the added advantage from AI models, the scammers are getting even smarter. Also, AI models are helping scammers to achieve their target.

I think regulations around AI models is highly needed. Otherwise, AI can become the biggest threat for our security. People have already started loosing jobs due to AI. People are creating memetokens for free with the help of AI where investors are loosing their savings. Now everyone can do vibe coding, you do not need to be a coder. Everything is changing.

Avoid social media, don't post personal photos or personal information. You never know when you are going to be targeted. People are very confused on how to deal with such things. I will strongly vote for AI regulations so that such kind of activities can be stopped at the source. Deepfake is scary and the sad part is that - you can generate deepfake videos for free and detailed tutorials are already available in Youtube!

[mindrust]

If you are dumb enough to fall for the AI scams, you shouldn’t be using the internet. I’ve seen people very close to me showing me those AI ads and asking if they are real. Sigh. I mean if you have to ask this, imagine what other people are doing. They are probably doing whatever the AI video asks from them.

The one I usually see is about Elon talking about some crypto project and telling people to deposit crypto to some address. I didn’t check the address but I am sure the scammer made a fortune with that one.

[Kelward]

But here’s what I don’t get, crypto is already more regulated than before, yet scams are still on the rise. Is it because scammers are just getting more creative, or are the regulations not enough to protect people? That’s the question in my mind right now.

Yes, scammers are getting more creative. In fact they are even always like a step ahead of every regulation. I just commented on one of the posts on a malware on Microsoft SharePoint, scammers. That is an example of it. Scammers are now target the individuals directly and moving them to platforms that are not regulated. For example, that is what they do when they send a PM to someone on telegram. As soon as the person responds, they try to take the conversation off that platform to another strange platforms. Even in online casinos, the cases of scams involves casinos that almost no one have heard about and they are not regulated. And that regulations are increasing doesn't mean that people are paying attention to their security online. They are not.

Scammers are getting more sophisticated and people who are not informed to stay ahead of their games will always fall victim. Infact when I watch a video on social media I always try to find out if it's authentic or AI generated. It always makes me to feel very sad because ordinarily you won't know what is real anymore. I see videos of presidents and notable people speaking trash, they look real with the person's voice but what gives them away easily is that you will know that a person like that will never descend so low. Crypto scams and impersonations are on the increase so we shouldn't be in a hurry to believe anything that we hear on the internet.

[michellee]

If you cannot research deeper about a new thing, it is better for you to do the old ways that you know better. That will help you avoid scammers who can scam you anytime. But even if that is an old method, you need to be careful because scammers will use many ways that we don't know. Scammers can easily use any moment to trick their target. They can use our negligence when they show the news or make us worry about something that we have. But if we can be careful and always make sure before doing something, we will not fall into their trap because we can research.

[Eternad]

But here’s what I don’t get, crypto is already more regulated than before, yet scams are still on the rise. Is it because scammers are just getting more creative, or are the regulations not enough to protect people? That’s the question in my mind right now.

Criminals also get creative as our technology improves. I read the article on your link and found this:

We’ve seen cases where scammers use AI to replicate the voice of a loved one, tricking the victim into transferring money under the guise of an urgent request.

This type of scam is also spreading in our country and their usual target is those old people who don't have wide knowledge about the latest technology. They easily fall for these scams since they think it's their loved that is in need of help.

Even if crypto is more regulated, there will be always some people that will use it for their bad intention. What we can do is guide those gullible ones to not easily fall for these scams and not quickly believe if someone is calling them in an unknown number.

[Alone055]

But here’s what I don’t get, crypto is already more regulated than before, yet scams are still on the rise. Is it because scammers are just getting more creative, or are the regulations not enough to protect people? That’s the question in my mind right now.

I don't see how regulations can have anything to do with scams or how it can save people from scammers because the scammers basically live among us, their approaches are calculated and done with precision, mostly, so they know what they are doing, and it is obvious that crypto regulations aren't going to do much in this case because a scammer will obviously not be naive enough to use an address for receiving the assets that is connected to their actual identity, and if you are using a totally anonymous, newly created non-custodial wallet, the regulations or the regulators won't be able to identify you by it.

They could keep an eye on the wallet, and wait to see if the wallet moves the coins somewhere and then they could track him down if they try to withdraw or exchange them into a fiat currency using a decentralized service, but then again, there are tools that can save them from this, such as mixers, and this is one of the reasons why regulators and authorities hate mixers, because they allow people to get rid of the coins with previous traces, and mix them with other coins, and then they can easily exchange the newly received coins without any traces.

[100steeze]

AI is making crypto scams smarter and harder to spot deepfakes, fake chats, and auto-generated content can trick people really fast. Scams are up because AI could help scammers move quicker, look real, and scale big. So y'all stay sharp.

[Woodie]

Ai is proving to be a nuisance everywhere and the worst part about it is that its getting better everyday and its scary!!

People also believing that these free tools online can detect AI tempered content , which is a joke tbh because these programs have become sophisticated and won't be detected easily . I can only imagine how believable AI is when it comes to cryptocurrencies...already we saw what AI could do on the forum, but with some common sense I think we can see it a mile away.

[bhadz]

Deepfake is dangerous and it's happening in our country where even Manny Pacquiao and other known business moguls were used to advertise such financial scams. This is the reason why we need to be vigilant. I'm afraid that there will be a lot of victims that are gullible to these fake videos and will trust them because their reasoning is going to be this, "it's because he says so, the popular guy". Even celebrities, they have no escape on these because people are fanatics and they'll put their trust to these names and whichever they advertise even their faces and voices were used, they'll believe on them. If someone sees a video on any platform, just report them so it will be removed.

Now that we know deepfakes exist, we should be extra careful about believing everything we see right away. If something looks too good to be true, chances are it might be fake just like how we should think twice before investing in something that promises unrealistically high returns.

I couldn’t find exact data on the total victims of deepfake scams in the Philippines, but the SEC has already issued warnings about them. Scammers have even been using famous personalities to make their schemes look legit.

https://regtechtimes.com/deepfake-investment-scams-are-spreading-sec-issue/

ICTSI urges public caution over deepfake scam involving Razon

MANILA, Philippines – Razon-led International Container Terminal Services, Inc. (ICTSI) has warned the public about online scams using manipulated videos and audio recordings to impersonate Chair Enrique K. Razon Jr. and other senior executives.

The fraudulent materials, which have appeared on social media, falsely portray Razon as promoting investment opportunities in a bid to trick people into shelling out money.

The SEC is aware of it and just given advisory but they lack of punishing if ever they catch some source of it. I think that's what they should focus with together with reminding the citizens that they should beware of these deepfake scams. Don't jus believe with whoever celebrity endorses an investments because most of them don't even know that their names are being used by these scammers. That's the reason why many have been falling on them. Hopefully our SEC will continue to remind people and collaborate with the NBI so that they're going to catch these deepfake scam peddlers.

[Marykeller]

But here’s what I don’t get, crypto is already more regulated than before, yet scams are still on the rise. Is it because scammers are just getting more creative, or are the regulations not enough to protect people? That’s the question in my mind right now.

Don't think that scammers would vanish from crypto space because crypto is more regulated than it was before. This is actually the time they will use all the tools at their disposal with the help of AI to scam good number of investors.

What best for us to do is not get carried away by projects that has enticing offers that looks real to be true. Avoiding projects like that will do us good than give in to project because they promised a huge returns of investment in short term. Scammers knows that's how to explore from people, promise quick gains to them and makes the project whitepaper to appear great

[lionheart78]

But here’s what I don’t get, crypto is already more regulated than before, yet scams are still on the rise.

It is not a surprise to see cryptocurrency scams pop up everywhere since the government even failed to suppress scams from traditional investment what more on the cyptocurrency where it is harder to track the activities of the scammers.

Is it because scammers are just getting more creative, or are the regulations not enough to protect people? That’s the question in my mind right now.

It is both scammers getting more creative and the government regulation not just being not enough to protect people, but miserably failing to stop these scams from occurring.  The government always acts late and never initiate intial actions in preventing scammers from creating fraudulent companies.  Aside from that, the creation of cryptocurrency is not regulated so scammers have all the freedom to create cyptocurrencies to scam.

[finaleshot2016]

I just want to post this since it’s very timely, especially now that the market is bullish. We all know that whenever the market goes up, scammers take advantage of the hype to trap more victims.

I came across this article, and honestly, it’s pretty alarming. As investors or even just regular people involved in crypto, we shouldn’t let ourselves be left behind when it comes to new technology online. We need to stay updated because the same tech that makes things easier for us can also be used by scammers to steal from people.

So yeah, here’s the article…

https://nypost.com/2025/07/26/tech/ai-fueled-crypto-scams-surging-in-nyc-and-beyond-expert-warns/

Crypto crooks are getting bolder — and now, they sound just like your mom.

Global crypto scams soared 456% between May 2024 and April 2025 — becoming increasingly reliant on AI-generated voices, deepfake videos and phony credentials to fleece unsuspecting victims, blockchain intelligence firm TRM Labs‘ Ari Redbord told The Post after testifying before Congress last Tuesday.

“These scams are highly effective, as the technology feels incredibly real and familiar to the victim,” Redbord said.

It says in the article how scammers operate, and one of the most common tricks they’re using now is deepfake videos. If we’re not aware of this, it’s easy to fall for their traps because these videos look real.

But here’s what I don’t get, crypto is already more regulated than before, yet scams are still on the rise. Is it because scammers are just getting more creative, or are the regulations not enough to protect people? That’s the question in my mind right now.

Well, every time the market is good, scammers are there to take advantage everything, they want to milk the volume and earn for themselves by scamming people. Deepfake videos are obvious nowadays especially if you're exposed to it, but yah, people are still falling for it and many people are earning a lot because of making fake videos with AI.

But again, it's not new to me that there's a scam during a green market, it's always happening even in some chains like Solana, people are very greedy in there. People are very thirsty to reach financial freedom and scamming is their way. If the technology is getting innovative, they're getting creative and innovative too, people are being caught off guard because of these scammers, that's why you need to get updated on every technology advancements.

[Zlantann]

But here’s what I don’t get, crypto is already more regulated than before, yet scams are still on the rise. Is it because scammers are just getting more creative, or are the regulations not enough to protect people? That’s the question in my mind right now.

These days you need to verify and reverify before you take any decision regarding any information on the internet. The artificial intelligence sector is progressing in a fast pace that it might because difficult to differentiate between fake and original.

The problem here is not cryptocurrencies. Countries are making and amending crypto laws consistently to suit the changing times. The main focus now should be the AI industry. Until the government take active steps to control or regulate the AI industry we might never see a decline of this menace. The artificial intelligence sector has become a loosed canon and might cause irreparable harm to the society if not put in check.

[Ultegra134]

Regulations cannot protect you when you receive a spoof message from a scammer pretending to be a staff from Coinbase or a phishing link from a compromised Ledger wallet account. It's the knowledge that you've acquired that would tell you it's a fake and not to act irrationally. Hence, as a crypto investor, it is very important to be reading and stay well informed of some of the tricks or schemes used by scammers to steal from their victims so that you'll be able to avoid them.

Good luck trying to find who scammed you from a 3rd world country, mainly Indonesia, India and Nigeria, where there are whole scam "support" centers acting like they're from legitimate enterprices. There's infact a few Youtubers who have declared war against them and have managed to shut down a few of them, but don't expect too much, their governments are aware of their operations, if they wanted, they would have taken action to eradicate them. They don't take since they're simply scamming the Western world, not their own.

We need to be responsible for ourselves, no one is going to save us if we get scammed. Pay attention, don't trust anyone and if something sounds too good to be true, it probably isn't.

[Mate2237]

Crypto scam has been on the rise as new technology increases especially with the rise in AI scammers has find a way to manipulate these technology for their evil agendas and will so it's important that people should be vigilant because scammers are always on the lookout for people to fall into their traps



One means that scammers use in scamming people is through the social media platforms so when people should be careful when they see news relating to crypto currency because scammers always find a way to get into people with the hopes of scamming them so any information that is relating to crypto currency on the net or social media platforms that sounds too good should be critical checked as that is a sign of scam

[MusaPk]

If you are dumb enough to fall for the AI scams, you shouldn’t be using the internet. I’ve seen people very close to me showing me those AI ads and asking if they are real. Sigh. I mean if you have to ask this, imagine what other people are doing. They are probably doing whatever the AI video asks from them.

The one I usually see is about Elon talking about some crypto project and telling people to deposit crypto to some address. I didn’t check the address but I am sure the scammer made a fortune with that one.

Their are enormous AI videos these days and it's not difficult to judge whether a video is real or AI generated if you pay a little attention to video. Scammers and hackers are continuously updating themselves with new emerging technologies to fulfil their evil intentions. The responsibility rests on shoulders of end user, not to fall victim of trap setup by scammers. One don't need to be a tech guru to avoid modern day scams because scammers still depend on mistake committed by end user for execution of their plan.