IRS Investigators Highlight AI's Role in Rising Crypto Fraud Schemes
The IRS has reported a significant increase in cryptocurrency fraud schemes, fueled by the use of artificial intelligence (AI). Scammers are using AI tools to target victims more effectively, leading to an estimated $20 billion in cyber theft in 2025. The schemes often involve sophisticated manipulation and deception, with victims losing substantial amounts of money. The IRS is working to trace these scams and has set up an online tipline for victims to report incidents. 
