TechQueensland man loses more than $166,000 in AI-built crypto investment scam

A 29-year-old Queensland man invested more after a crypto trading app showed rapidly rising profits, but unauthorised transfers from his wallet soon left him more than $166,000 poorer. He realised it was an AI-built investment scam when customer support turned out to be a basic chatbot. Experts say AI now enables criminal networks to create convincing, personalised scam ecosystems at scale.

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TThe Guardian★★★☆☆2026-08-14 15:00Original