A recent report from blockchain intelligence firm Elliptic titled “AI-enabled crime in the cryptoasset ecosystem” has shed light on the emerging threats posed by artificial intelligence (AI) in cryptocurrency crime.
The report, supported by case studies, identifies five emerging types of AI-enabled crimes, ranging from deepfake scams to state-sponsored cyberattacks, emphasizing that these threats are still in their infancy.
AI Deepfake Scams
AI, while having the potential to significantly transform the global economy, also brings risks. According to Elliptic, threat actors are already exploiting AI for illicit activities within the cryptoasset ecosystem.
One of the report’s findings is the use of AI to create deepfakes. These highly realistic videos and images are being used by scammers to impersonate high-profile individuals such as celebrities, politicians, and industry leaders to legitimize fake projects.
“Crypto giveaway and doubling scams are increasingly using deepfake vi
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