Crypto Scammers Use AI and Fake Sites to Drain Wallets

Crypto phishing scams have become a major concern for digital asset users, with scammers creating fake websites, wallet-draining links, and AI-generated messages to raid investors' wallets.

According to the FBI's latest internet crime data, cryptocurrency crime has become the most costly internet crime type, at $7.2 billion. The report noted a rise in complaints of scams involving AI to over 22,000, with losses of nearly $893 million.

Fake crypto websites often copy real platforms but use slightly changed domains, misspellings, extra hyphens, or unusual extensions. Any site asking for a seed phrase or urgent wallet verification should be treated as suspicious.