Gadgets: Crypto Scams Likely Set New Record in 2024, Helped by AI: Chainalysis

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Crypto Scams Likely Set New Record in 2024, Helped by AI: Chainalysis

The use of generative AI likely lifted revenues from crypto scams to a record high in 2024, Chainalysis has said in its recent report. The company pointed to marketplaces that support pig butchering operations and the use of GenAI as factors making it easier and cheaper for scammers to expand operations.

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