Artificial intelligence is playing a growing role in a surge of cryptocurrency-related fraud schemes that have already cost Americans tens of billions of dollars, according to federal investigators.
One recent case involved a retiree who lost her entire life savings after being drawn into a fake crypto investment opportunity initiated through a messaging app. The victim was gradually manipulated into transferring funds across multiple crypto wallets controlled by scammers, a pattern investigators say is increasingly common in so-called "pig butchering" schemes.
