The Rise of AI-Driven Scams: Unveiling Modern Deceptions in Cryptocurrency and Beyond
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In 2024, the California Department of Financial Protection and Innovation (DFPI) uncovered a surge in sophisticated scams exploiting artificial intelligence (AI) and cryptocurrency, reflecting the darker side of technological advancement. As the AI industry soared to a $638 billion market cap, criminals harnessed its power to craft elaborate frauds, costing victims millions. Here’s a breakdown of the evolving AI scam landscape and its intersection with crypto crimes.
