Cryptocurrency and AI-driven fraud have gripped California—and much of North America—since early 2024, prompting warnings from the California Department of Financial Protection and Innovation (DFPI) and the Department of Justice (DOJ).
According to a recent press release, the DFPI received over 2,668 complaints from scam victims in the past year. Based on consumers’ submissions, authorities shut down 26 fraudulent websites and uncovered $4.5 million in losses.
“As scammers grow increasingly so