Investment scams involving gold, crypto, and wine have surged, with over £220m lost in the past year. UK banks reported nearly 15,000 such scams in 2025, fueled by AI's ability to create sophisticated, large-scale deceptions. Overall fraud losses reached £1.28bn.
The Bank of England is warning the public about AI-generated scams after deepfake videos depicting Nigel Farage and Governor Andrew Bailey fighting circulated on X. Bailey urged vigilance and reporting of such content, highlighting the rise of fake adverts impersonating central banks.
A crypto founder had his laptop compromised when he joined what appeared to be a Microsoft Teams call with Pierre Kaklamanos, a Cardano Foundation contact he had spoken with before. When “Pierre” reached out about Atrium and sent a Teams invite, nothing looked out of place. On the call, the face and voice matched what […] The post AI scams in crypto approach breaking point – OpenAI’s new image model shows why they could get worse appeared first on CryptoSlate.
Fraudsters are using advanced AI to create convincing fake videos and voices. They impersonate executives, celebrities and even loved ones to trick people into sending money. Cybersecurity experts warn that these deepfake scams are becoming more common and sophisticated. Staying vigilant and verifying unexpected requests through separate channels is crucial for protection against these evolving threats.
