EU and the world
Crypto Fraudsters Use AI: How to Protect Your Investments

Analytical company Elliptic warned, that artificial intelligence is increasingly being used in cryptocurrency scams. Although this phenomenon has not yet become widespread, experts note an alarming trend.
Key points
- Use of celebrity names: Fraudsters are actively using the names of Elon Musk, Lee Hsien Loong and other famous personalities to promote fake crypto platforms and investment schemes.
- Criminals register hundreds of tokens with the name GPT, including many fake projects.
- Experts warn about the possibility of using AI for cyberattacks and spreading disinformation in the cryptocurrency space.
Safety measures
Elliptic urges users to be vigilant and follow basic safety rules:
- Don’t trust promises of get-rich-quick and always check information about cryptocurrency projects and investment opportunities.
- Do not click on questionable links or provide personal information to strangers.
- Carefully research new projects before investing, paying attention to the development team, technology and business model.