AI-powered crypto scams have increased by 456% from May 2024 to April 2025, according to Chainabuse. Scammers are leveraging advanced technologies like deepfakes, voice cloning, and AI-generated phishing sites to deceive crypto users. Notable scams include fake YouTube livestreams featuring AI-generated deepfakes of public figures such as NVIDIA’s CEO and Elon Musk, promoting fraudulent investment schemes. Chainalysis highlights that 60% of scam wallet deposits are now AI-driven. Additionally, experts caution about the rise of prompt injection attacks, which exploit AI models to manipulate user actions. In response, Crystal Intelligence and Chainalysis are developing AI-based tools to combat these threats.