Deep Tide TechFlow News, January 14th, according to the latest report from Forbes, the cryptocurrency scam market size has reached $14 billion annually and may increase to $17 billion. Data from Chainalysis shows that scam groups using AI tools average $3.2 million per scam, which is 4.5 times more than groups not using AI. The "Pig Farming and Slaughter" scam is rampant on social platforms like LinkedIn, Instagram, Tinder, and others, where scammers lure victims into investing in fake crypto platforms and then run off with the funds. Law enforcement agencies have developed tracking technologies and successfully recovered billions of dollars in stolen crypto assets last year. Meanwhile, Grok AI on X platform is under UK regulatory investigation for allegedly generating illegal content.
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Deep Tide TechFlow News, January 14th, according to the latest report from Forbes, the cryptocurrency scam market size has reached $14 billion annually and may increase to $17 billion. Data from Chainalysis shows that scam groups using AI tools average $3.2 million per scam, which is 4.5 times more than groups not using AI. The "Pig Farming and Slaughter" scam is rampant on social platforms like LinkedIn, Instagram, Tinder, and others, where scammers lure victims into investing in fake crypto platforms and then run off with the funds. Law enforcement agencies have developed tracking technologies and successfully recovered billions of dollars in stolen crypto assets last year. Meanwhile, Grok AI on X platform is under UK regulatory investigation for allegedly generating illegal content.