AI has arrived, and it’s already changing things in the world of crypto. Coders use it to code, researchers use it to research and, unfortunately, scammers use it to scam. That is the finding of a new report by blockchain analytics firm Elliptic about the emerging risks of AI in perpetuating criminal use of crypto.
Note: The views expressed in this column are those of the author and do not necessarily reflect those of CoinDesk, Inc. or its owners and affiliates.“The rise of artificial intelligence has shown huge potential for driving innovation, not least within crypto. However, as with any emerging technology, there remains a risk of threat actors seeking to exploit new developments for illicit purposes,”
Awareness of these new scams means that users can stay ahead of the curve. That means crypto users should become more familiar with the most common types of crypto-related scams. CoinDesk hascovering all the basics like social media scams, Ponzi schemes, rug pulls and “romance scams” .