News Explorer — AI Technology Is Being Used in Crypto Crime, But Not Very Widely: Elliptic

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Jun 9, 12:03 pm

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AI Technology Is Being Used in Crypto Crime, But Not Very Widely: Elliptic

The use of AI technology in crypto crime is on the rise, with deepfakes of celebrities being used to drive crypto scams, according to a report from Elliptic. While AI-enhanced crypto crime is not yet a mainstream threat, it is important to identify emerging trends for sustainable innovation. Scams have utilized deepfakes of figures like Elon Musk and Lee Hsien Loong to promote fraudulent crypto investments.

The use of AI technology in crypto crime is on the rise, with deepfakes of celebrities being used to drive crypto scams, according to a report from Elliptic. While AI-enhanced crypto crime is not yet a mainstream threat, it is important to identify emerging trends for sustainable innovation. Scams have utilized deepfakes of figures like Elon Musk and Lee Hsien Loong to promote fraudulent crypto investments.

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