European Regulators Warn Consumers About Crypto and AI Scams

European financial regulators are sounding the alarm over a growing wave of crypto scams powered by artificial intelligence, warning that fraudsters are now using advanced tools that make these scams much harder to spot.  

In a joint consumer alert published last week, the European Supervisory Authorities (ESAs)* cautioned that scammers are increasingly blending cryptocurrency schemes with AI-generated content, from fake investment platforms to deepfake voices and videos impersonating trusted f