CrimeVictims coaxed into transferring stablecoins to phony investment websitesCriminal organizations prefer stablecoins like Tether to unpegged cryptocurrencies because they avoid volatility. © ReutersMIZUKI UCHIYAMAJune 6, 2026 02:28 JSTNEW YORK -- Cryptocurrency scams are exploding in the U.S., resulting in annual losses exceeding $11 billion, as the spread of artificial intelligence gives scammers more sophisticated ways to deceive victims.