GASA: Global scam losses hit $442 billion as AI and crypto fuel fraud
- —Scam losses across 42 countries reached $442 billion in a year
- —Fraud toolkits are sold on subscription from $500 per month
- —Xinbi Guarantee processed about $240 billion before US seizure
- —Meta removed 16 million accounts and 65 million scam ads
Why it matters: The rise of AI-driven scams using crypto payments raises reputational and regulatory risks for the digital asset industry.
Source: Blockmedia