AI can carry a new dimension to the crypto crime downside by permitting scammers to extra simply impersonate celebrities, blockchain intel agency Elliptic says.
Artificial intelligence (AI) has the potential to remodel the worldwide financial system, nevertheless it additionally poses important dangers by enabling new types of crypto crime, in accordance to blockchain intelligence agency Elliptic.
In a latest analysis report dubbed “AI-enabled crime within the cryptoasset ecosystem,” the London-headquartered forensic agency highlighted that risk actors are already exploiting AI for illicit actions. The report warns that AI can be used to create convincing deepfakes of celebrities, politicians, and business leaders, which scammers use to falsely legitimize fraudulent tasks.
“A string of deepfakes have particularly focused Ripple (XRP) and its CEO, Brad Garlinghouse, significantly after the corporate gained its courtroom battle with the U.S. Securities Trade Fee in July 2023.”
Elliptic
Elliptic additionally famous that the hype round AI has led to the creation of GPT-themed tokens, which scammers promote by promising excessive returns.
The agency recognized “tons of of tokens listed on a number of blockchains” that include the time period “GPT” of their title.
“Some could certainly mirror well-intentioned ventures, however a lot of them have been shilled in newbie buying and selling boards the place scammers declare some type of official affiliation with ChatGPT or different supposedly reputable AI firm.”
Elliptic
The British blockchain forensic agency says the overwhelming majority of AI-related threats in crypto are of their infancy, highlighting the necessity for vigilance and proactive measures to fight rising types of crypto crime.