Concerns are growing that scammers are taking advantage Artificial intelligence (AI) To develop new methods of fraud and deception as technology continues to advance.
One of the main ways scammers use AI is through social media platforms. By leveraging AI-powered tools, scammers can expand their reach and create a seemingly loyal fanbase of thousands of people.
These fake accounts and interactions can be used to give the fraudulent project an illusion of credibility and popularity.
Scammers use AI-driven chatbots and virtual assistants to engage with individuals, provide investment advice, promote fake token and initial coin offerings, and offer high-yield investment opportunities. There is also
The use of AI could challenge social proof, which presupposes that cryptocurrency projects with more loyal followers online must be legal.
AI makes it easier for projects to trick people, so users should exercise caution and due diligence before investing in projects.
One example of how scammers are using AI is the “pig butchery” scam. An AI instance can spend a few days befriending someone (usually an elderly or vulnerable person), only to end up scamming that person.
AI will allow fraudsters to automate and scale their activities
Advances in AI technology will allow fraudsters to automate and scale their fraudulent activities, potentially targeting vulnerable individuals in the cryptocurrency space.
Additionally, scammers can leverage social media platforms and AI-generated content to organize sophisticated pump-and-dump schemes to artificially inflate the value of tokens and sell their holdings for a hefty profit. can cause losses for many investors.
Investors have been warned for years to beware of deepfake crypto scams. Deepfake crypto-scams are highly realistic online scams that use AI technology to swap faces in videos and photos and alter audio content to make it appear as if they are endorsed by influencers and other celebrities. It creates content. fraud project.
As reported, Federal Bureau of Investigation has issued a stern warning about the growing threat of “deepfakes” used for cyber extortion.
Earlier this month, the FBI reported that malicious actors are using deepfakes to manipulate photos and videos, often sourced from social media accounts and the open internet, to create realistic-looking sexually themed images. announced that it is
last week, twitter It also suspended the account of the popular AI bot “Explain This Bob”, which was linked to the memecoin. Elon Musk We called it “fraud”.
The automated Twitter account ‘Explain This Bob’ used OpenAI’s latest large-scale multimodal model GPT-4 to understand and respond to tweets from users who tagged the account.
While there are some positive uses for AI in the cryptocurrency industry, such as automating tedious and monotonous aspects of crypto development, users should always be vigilant and cautious when investing in new projects. .
Twitter user GarageID said: “Cybercriminals are using AI for cryptocurrency fraud, creating sophisticated bots that impersonate family members, raising concerns about the security of the cryptocurrency industry and fostering skepticism. there is,” he said.
