Recoveris executive Sol Cinosi warned that artificial intelligence is rapidly increasing the scale and sophistication of crypto-enabled fraud while some jurisdictions still bar investigators from using the same class of tools. Speaking during a BeInCrypto Market Intelligence Committee discussion on crypto crime, Cinosi said criminals are already using AI every day to clone voices, write phishing emails, and expand scam operations. He added that older ways of spotting phishing attempts, such as checking for grammar mistakes, no longer hold up because AI-generated messages have become far more convincing.
The warning lines up with figures cited from Chainalysis’ 2026 Crypto Crime Report. The report estimates that crypto scams caused $17 billion in losses in 2025. It also found that scam operations with on-chain links to AI providers earned an average of $3.2 million per operation, which is 4.5 times the average for operations without those links. Europol’s IOCTA 2026 report described the problem as a "speed gap" and said law enforcement needs technology to close it. Cinosi argued that AI could help investigators process large volumes of data, detect patterns and connections faster, and leave human teams to focus on judgment-heavy and critical decisions.
Recoveris executive Sol Cinosi said the use of artificial intelligence is creating a sharp technological imbalance between crypto criminals and investigators, as offenders adopt AI tools daily while some jurisdictions still prohibit law enforcement from using them.
Speaking during a BeInCrypto Market Intelligence Committee discussion on crypto crime, Cinosi said criminals are using AI to clone voices, write phishing emails, and scale scam operations.
He said older methods of identifying phishing emails by looking for grammar mistakes no longer work. In his view, AI has pushed both the complexity and the scale of scams to levels not seen before.
According to Chainalysis’ 2026 Crypto Crime Report, crypto scams caused an estimated $17 billion in losses in 2025. The report also said scam operations with on-chain links to AI providers generated an average of $3.2 million per operation, 4.5 times the average for operations without those links.
Europol’s IOCTA 2026 report described the issue as a "speed gap" and said law enforcement needs technology to close it. Cinosi said AI could help investigators handle large volumes of data quickly, identify patterns and connections, and shift human effort toward tasks that require judgment and key decision-making.
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