California financial regulatory authorities issue warnings about 7 new types of cryptocurrency and artificial intelligence fraud

A financial regulatory body in California stated that in 2024, users reported seven new types of cryptocurrency and artificial intelligence scams through thousands of complaints, which had never been seen before. The California Department of Financial Protection and Innovation (DFPI) said in a statement on March 10th that the department received 2,668 complaints in 2024, discovering seven types of frauds they had not previously recorded, such as fake Bitcoin mining schemes where scammers offer false mining investments. DFPI also received complaints about fraudulent cryptocurrency gaming schemes where users are encouraged to deposit funds but their wallets are emptied; there were also scammers offering fake jobs requiring victims to transfer cryptocurrencies and provide personal information.