Spanish police have dismantled a cryptocurrency scam ring that allegedly defrauded investors of $21 million using artificial intelligence tools. The operation exploited AI technology to enhance the sophistication of their fraudulent activities, making it easier for even inexperienced individuals to fall victim to the scams. This crackdown comes amid a broader trend of increasing crypto scams, particularly noted in Israel, where the use of AI is reportedly fueling more complex fraudulent schemes. Authorities are highlighting the growing risks associated with AI in the cryptocurrency space as they work to combat these scams.