As we all know, the level of scams is increasing at a high rate, with different unexpected ways to scam individuals, and most of these scammers target people who are most likely involved in crypto. In 2024, it was confirmed that the GASA Global Anti-Scam Alliance reported over $1.03 trillion lost to scammers. This is an example of how fast scams are rising. The good thing is that every member in the forum is contributing to making sure everyone stays informed. However, no one knows what the next strategy for scams would be.

Recently, I came across a new crypto scam involving AI I am sure most people may have come across it but just to inform those who haven't. After some research on this topic it is clear that AI has introduced new scam strategies, particularly concerning cryptocurrency and other platforms.
This link shows a woman who fell victim to this.  AI scam.
https://www.mcafee.com/blogs/privacy-identity-protection/ai-chatbots-are-becoming-romance-scammers-and-1-in-3-people-admit-they-could-fall-for-one/
Unlike traditional crypto scams that are easy to spot, AI powered scams have the speed, scale, and sophistication of modern machine learning models, making them more adaptive, harder to spot, and often convincingly human.

 Let me not take too much of you time reading I will like to quickly share the Common types of AI powered crypto scams. Examples includes

• Deepfake scams:the AI can generate videos or images that looks exactly like famous celebrities , influencers.
     
• AI customer support impersonation: Scammers use AI to Impersonates support agents from exchanges or wallet providers, majorly to extract i login credentials or recovery phrases.
• Fraudulent automated trading platforms:  creating a complete trading websites and  mobile apps which is built around fake AI trading algorithms  that offers quick gains.   
• Voice cloning and real time scam calls: AI replicates the voice of a person  you know which may be your family members  ,to urgently request access to a user’s wallet or crypto exchange account.
• KYC bypass: Scammers use AI generated images or credentials to bypass KYC controls and two factor authentication (2FA).   
• AI assisted pig butchering scams: these Scammers convinced you and then gain your trust weeks or months before they will advice  their victims to invest a large sums into fake crypto platforms, with AI supporting communication and content generation 

These AI scams make crypto scams more harder to detect mainly because legacy fraud detection systems wasn't designed to identify AI powered scams. Something that's so smart it can impersonate any user, even create fake investment platforms, is indeed a threat to the crypto space.

A lot of forum members have created topics to advise us on how to avoid these scams, which has truly helped us to stay informed. My advice to everyone is to continue doing research and stay safe because I believe that as long as every member in the forum continues to update or inform one another with information about scams, it will give us a chance not to fall victim to these scammers.