In 2025, the loss from crypto ATMs unexpectedly soared by 33%. A CertiK report points out that AI has become the super productivity of scam groups. This feels somewhat familiar; AI hasn't lifted retail investors yet but instead has buffed the offline harvesters. From a macro perspective, this underlying compliance 'funnel' effect is most damaging to the market’s vitality, directly providing regulators with an excuse to tighten their pockets. Offline deposit channels are already the capillaries of liquidity, and with so much blood being siphoned away, it will inevitably trigger stricter on-chain tracking and real-name suppression, raising the trust threshold for off-market funds to enter. The long-term logic of risk assets still exists, but this kind of 'technological brutality' has indeed lowered the overall standing of the circle. Regarding this wave of AI scams, how long do you think it will be until the regulatory stick completely falls? #AI #CertiK #Regulation #Security $BTC