Gen Z targeted by crypto scams on TikTok, Instagram, California AG warns
Source: INQUIRER.net USA
Published on: 2026-10-21 13:32
Filipino American Attorney General Rob Bonta warns of sophisticated scams using AI, deepfakes and digital wallets LOS ANGELES - Young adults have been warned about a rise in cryptocurrency scams targeting Generation Z through social media, gaming and streaming platforms, including TikTok, Instagram and Twitch. California Attorney General Rob Bonta issued the warning Monday, saying scammers are increasingly targeting people born between 1997 and 2012 with sophisticated schemes designed to steal money through digital wallets and cryptocurrency transactions. Crypto scams use the same psychological playbooks and social engineering themes as traditional gift card or cash fraud, but they leverage the mechanics of digital assets to maximize speed and bypass physical safeguards. In 2025, Americans lost $20.9 billion to internet-based scams, with $11.4 billon of that loss specifically resulti...
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