AI Is Supercharging Crypto Fraud

[bonk]

A major driver behind the spike is artificial intelligence. Chainalysis described AI as a key factor in the “industrialization of fraud,” enabling scammers to operate at scale. AI-powered scams were found to be 4.5 times more profitable, with higher daily revenue and the ability to manage many victims simultaneously.

The use of AI doesn’t just increase volume—it boosts persuasion. More realistic messages, fake customer support interactions, and coordinated scam operations have driven the average amount stolen per impersonation scam up more than 600%, a trend Chainalysis called deeply concerning.

[lingriiddd]

ai turning scams into an assembly line is dystopian as hell