A South Korean man was arrested in Bangkok, Thailand on Saturday, accused of laundering over $50 million worth of cryptocurrency into physical gold bars in the span of just three months. The man, identified by Thai authorities only as “Han,” was allegedly a key figure in a call-center fraud network that lured victims in with […]
New York Takes Zelle to Court Over Fraud on the Platform, Claims $1 Billion Lost
Arguably, the entire selling point of Zelle as a platform is that it is owned by big banks that ostensibly are invested in making sure that your money is safe. Turns out security was not the priority that you might imagine, according to New York Attorney General Letitia James. In a lawsuit against the money […]
Sam Altman Is Right: AI-Powered Crypto Scams Are Exploding
Finally, a profession that has managed to successfully integrate artificial intelligence into its workflow: Crypto scammers. According to a report from blockchain intelligence firm TRM Labs, crypto scams are up 456% over the last year, due in large part to the ability to produce deepfake audio and video clips with artificial intelligence tools—making good on […]
The Rise of AI Is Making Life Even Harder for Real People in Gaza
Saeed Ismail is a real person. But no matter how much proof he posts online, people keep calling him fake. The 22-year-old has endured almost two years of war in Gaza, as Israel continues an assault that has killed at least 57,000 people and left the territory of 2 million on the brink of starvation. […]