ChatGPT Uncovers Million-Dollar Crypto Scam

A San Jose resident lost nearly $1 million after a 'romantic businessman' from social media lured her into fake crypto investments. The man she communicated with via Facebook* assured her he was helping her 'make quick money,' showing fake screenshots with fantastic profits.

In the end, the woman sent almost a fortune to the scammers. In desperation, she described the situation to ChatGPT — and it was the AI that first pointed out to her that the scheme completely matches classic crypto scams. After that, she contacted the police, where they confirmed: her money went to foreign accounts, and 'Ed' turned out to be yet another online fraudster.

In 2024, by the way, older Americans lost over $9.3 billion online — the scale is staggering.