Be warned, AI Crypto scams are on the rise

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While the risk right now remains small, the firm’s researchers did identify five “typologies” where AI is already being deployed in nefarious ways. These include in creating and disseminating deepfakes to make more convincing scams, building AI-scam tokens to capitalize on hype, using large language models to devise hacks, spreading disinformation and making more convincing phishing websites/prompts to facilitate identity theft.