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Artificial intelligence helped boost crypto scam revenue to record levels in 2024, Chainalysis says. AI allows scammers to impersonate others and generate realistic-looking content.
Revenue in 2024 from crypto scams was at least $9.9 billion, although the figure could rise to a record high of $12.4 billion once more data becomes available, it said.
As in the crypto world, some AI players are using the tech for outright scams—stealing thousands of dollars by using AI voice cloning to impersonate people’s relatives and using AI to generate ...
Arkham Intelligence, commonly known as Arkham, is a Dominican Republic-domiciled company that operates a cryptocurrency exchange platform as well as a public data application that enables users to analyze blockchain and cryptocurrency activity.
In March 2020, 15.ai, created by an anonymous MIT researcher, was a free web application that could generate convincing character voices using minimal training data. [42] The platform is credited as the first mainstream service to popularize AI voice cloning ( audio deepfakes ) in memes and content creation , influencing subsequent developments ...
Tornado Cash was created in 2019, and was alleged by the U.S. Department of the Treasury to have been "used to launder more than $96 million of malicious cyber actors’ funds derived from the June 24, 2022 Harmony Bridge Heist". [5]
Way mark Studios is experimenting with using these AI tools to generate advertisements and commercials for companies in mere seconds. [248] Yves Bergquist, a director of the AI & Neuroscience in Media Project at USC's Entertainment Technology Center, says post production crews in Hollywood are already using generative AI, and predicts that in ...
“She is accepting crypto donations. She's using Coinbase Commerce now to accept crypto for her own campaign," Haas said, referring to the company's platform of merchants it has operated since 2018.