A recent report from blockchain intelligence firm Elliptic titled “AI-enabled crime in the cryptoasset ecosystem” has shed light on the emerging threats posed by artificial intelligence in cryptocurrency crime., supported by case studies, identifies five emerging types of AI-enabled crimes, ranging from deepfake scams to state-sponsored cyberattacks, emphasizing that these threats are still in their infancy.
“Crypto giveaway and doubling scams are increasingly using deepfake videos of crypto CEOs and celebrities to encourage victims to send funds to scam crypto addresses.” Anne Neuberger, the U.S. Deputy National Security Advisor for Cyber and Emerging Technologies, also addressed the growing concerns about AI’s misuse. She highlighted that AI is being used not only for everyday scams but also for more sophisticated criminal activities.
The report also reveals discussions on dark web forums about leveraging AI models to reverse-engineer crypto wallet seed phrases and bypass authentication for various services.
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AI-driven crypto crime is only just beginning — Elliptic reportElliptic’s 2024 report reveals how AI is increasingly used for sophisticated crypto crimes, from deepfake scams to state-sponsored cyberattacks.
Source: Cointelegraph - 🏆 562. / 51 Read more »