Scammers use fake celebrities to steal millions in crypto fraud
The FBI reports billions lost to cryptocurrency scams posing as celebrities or financial advisers.
Fraudsters increasingly pretend to be celebrities to deceive people into fake cryptocurrency schemes. Richard Lyons lost $10,000 after falling for a scam involving a fake Elon Musk, who used an AI-generated voice and images to make the investment offer appear authentic.
The FBI has highlighted a sharp rise in crypto scams during 2024, with billions lost as fraudsters pose as financial experts or love interests. Many scams involve fake websites that mimic legitimate investment platforms, showing false gains before stealing funds.
Lyons was shown a fake web page indicating his investment had grown to…
