IRS flags AI-driven crypto scams as 2025 cyber theft losses hit $20B with over half stolen in crypto

IRS Criminal Investigation agent Harry Chavis says AI is supercharging crypto fraud schemes, with the FBI clocking $20B in 2025 cyber theft losses and over half stolen in crypto. The playbook is textbook pig butchering — WhatsApp cold DMs, fake customer service, emotional manipulation — now juiced with AI to scale the grift. One 73-year-old victim lost $300K over three months in a scheme that off-ramped more than $5M total through exchanges.

TLDR by @Benthic

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• Crypto
• Scam
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• IRS