AI Scams are Surging in Crypto. KuCoin is Betting on a New Security Standard
Crypto scammers can now automate the conversations that persuade victims to send them money. Criminal adoption of AI rose 40% over the past year, TRM Labs reported in August, with scammers making the widest use of the technology. Crypto Exchanges also use AI to detect fraud, monitor markets, and identify suspicious activity. That creates a The post AI Scams are Surging in Crypto. KuCoin is Betting on a New Security Standard appeared first on BeInCrypto.
Key Takeaways
- Crypto scammers can now automate the conversations that persuade victims to send them money.
- Criminal adoption of AI rose 40% over the past year, TRM Labs reported in August, with scammers making the widest use of the technology.
- Crypto Exchanges also use AI to detect fraud, monitor markets, and identify suspicious activity.
Summary generated by IndiCrypto from BeInCrypto. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
More in Regulation
The Assumption Behind JPMorgan's Iran War Forecast Is Gone
JPMorgan has abandoned its baseline view of the war in Iran, telling clients it can no longer model the endgame. Natasha Kaneva, the bank’s head of global commodities strategy, noted that many of the economic redlines it once trusted have been crossed. The…
Bitcoin to $100,000 Next Year? VanEck Reveals What Gets It There
VanEck’s head of digital assets research, Matthew Sigel, expects Bitcoin (BTC) to hit $100,000 by next year, arguing that government debt burdens are propping up the asset. Sigel delivered the forecast on CNBC’s Squawk Box Asia on Friday, with Bitcoin trading…
Layer-2 and DeFi tokens lead broad crypto advance as post-Fed hike nerves fade
Starknet and arbitrum gained more than 17% while the 10-year Treasury yield slipped back below 5%, with 98 of CoinDesk 100 constituents advancing.