AI Scams are Surging in Crypto. KuCoin is Betting on a New Security Standard
Crypto scammers can now automate the conversations that persuade victims to send them money. Criminal adoption of AI rose 40% over the past year, TRM Labs reported in August, with scammers making the widest use of the technology. Crypto Exchanges also use AI to detect fraud, monitor markets, and identify suspicious activity. That creates a The post AI Scams are Surging in Crypto. KuCoin is Betting on a New Security Standard appeared first on BeInCrypto.
Key Takeaways
- Crypto scammers can now automate the conversations that persuade victims to send them money.
- Criminal adoption of AI rose 40% over the past year, TRM Labs reported in August, with scammers making the widest use of the technology.
- Crypto Exchanges also use AI to detect fraud, monitor markets, and identify suspicious activity.
Summary generated by IndiCrypto from BeInCrypto. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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