AI Tool Powers $8.8 Billion Worth of Losses in Scams, Report Experts

  • Coin Edition
  • Cryptocurrency News
AI Tool Powers $8.8 Billion Worth of Losses in Scams, Report Experts
Credit: © Reuters.

Coin Edition -

  • AI has given rise to a new wave of scams across industries, according to Bloomberg.
  • U.S. consumers lost $8.8 billion in 2022, a surge of 44% compared to 2021, in attacks.
  • Blockchain security company SloMist warns the crypto community against fake deposit frauds.

Earlier today, Bloomberg released a disrupting piece on the advanced technology that scammers are using on customers across the world. The article highlights how the explosion of AI tools threatens economies, including crypto, with a “blossoming of Ponzi schemes.”

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