$893M attributed to AI-powered scams out of $11.4B total is a classification problem, not a real ratio — most pig butchering victims can't distinguish a deepfake video call from a real one, so their complaints land under generic investment fraud. Chainalysis independently tracked $16.1B flowing through Chinese-language laundering networks in 2025 alone, meaning FBI complaint data captures maybe half the actual on-chain picture. The 60+ cohort eating $7.7B in losses (up 37% YoY) while getting hit with AI voice clones and deepfake Elon Musk endorsements is exactly the ammo regulators need to push expanded surveillance mandates across crypto rails.

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