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Morning Edition · Sunday, October 25, 2026Published at 1:49 AM EDT · New York
New York seeks $1.37 billion from NovaTech operators as human-sounding voice AI widens the reach of crypto fraud
A woman in Guelph, Ontario, lost $140,000 after answering a text sent to the "wrong number," and Block's new voice AI drew warnings that it could make such scams more convincing.
New York's attorney general is asking a court to order the operators of NovaTech to pay $1.37 billion, with interest. Prosecutors say NovaTech was a crypto Ponzi scheme. Bitcoin Magazine reported that two successive crypto frauds run by the…
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Crypto Crime Shifts to Targeting Holders
Theft increasingly targets individual holders through fraud, impersonation and physical coercion rather than code, drawing local prosecutors and police into crypto enforcement and pushing wealthy holders toward custodial and multi-party key arrangements.
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