IRS Says AI is Worsening Crypto Fraud
The rise of artificial intelligence is changing many industries, but it is also creating new risks. According to the U.S. Internal Revenue Service Criminal Investigation Division, AI is now making cryptocurrency scams more dangerous and more effective. Criminals are using advanced tools to trick people in ways that feel real, personal, and hard to detect. In recent years, crypto fraud has grown quickly. Data from the Federal Bureau of Investigation shows that Americans lost around $20 billion to cybercrime in 2025. A large portion of these losses involved cryptocurrency. This is because crypto transactions are difficult to trace, and once money is sent, it is often impossible to recover. One…