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29 Jun 2023

AI amplifies the crypto scam threat, warns a Web3 expert.

AI amplifies the crypto scam threat, warns a Web3 expert.Cybercriminals use sophisticated tactics in crypto scams using artificial intelligence (AI). This has led to the creation of advanced bots that impersonate family members, tricking them into fraudulent activities. These AI-powered bots closely resemble targeted individuals’ appearance and speech patterns, making requests for financial assistance. The integration of AI technology raises concerns about the security of the crypto industry. By leveraging AI’s ability to mimic human behavior, malicious actors can make it difficult for individuals to distinguish between genuine and fraudulent interactions. Experts emphasize the importance of cultivating a skeptical mindset and educating individuals about the risks associated with AI-powered scams to mitigate the impact of fraudulent activities a

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Filed Under: Scams

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