Fraud involving cryptocurrency and artificial intelligence has become a major issue in France, costing victims over €500 million annually. Authorities have blacklisted 5,000 entities and seized €268 million in assets as part of their efforts to combat this growing threat. Victims, particularly young social media users, can lose up to €69,000 each to scams that promise quick returns through fake investments. In response to the escalating fraud, Binance has utilized AI and machine learning to block $129 million in scams in 2024. The exchange has blacklisted 47,000 malicious addresses and recovers $9 million monthly, while issuing 15,000 daily alerts to protect users from potential threats. The rise in financial scams is prompting calls for increased awareness and prevention measures among potential investors.