Researchers at San Diego State University in California developed an artificial intelligence to detect crypto scams in X.
The increasing popularity of cryptocurrencies is also whetting the appetite of scammers. Many scams involve imitation of cryptocurrencies and cryptocurrency projects. Especially social media platforms host this situation.
formerly twitterthe one which… xhas become the most widely used social media channel in the crypto industry. USAresearchers in, xHe developed an artificial intelligence with the aim of discovering the scams that occurred in .
An AI that discovers crypto scams
in California San Diego State Universityresearchers of GiveawayScamHunter They developed an artificial intelligence system called This system is used to discover, track and expose crypto scams on X.
GiveawayScamHunter, between June 2022 and June 2023, created on X Your 87,617 accounts discovered that he was committing a crypto scam. Artificial intelligence on popular social media 95,111 scamscreated the list.
Researchers have developed an artificial intelligence tool that automatically extracts websites and crypto wallets associated with fraud. System, 327 fraudinternet domain name and 121 new scamsFound crypto wallet address.
The team trained a natural language processing tool on data from previously identified giveaway scams to find out which listings were involved in sweepstakes scams. Using this method, researchers uncovered nearly 100,000 gift scams.
The following statement was included in the report; “ This study, which tracks the transactions of fraudulent cryptocurrency addresses, reveals that more than 365 victims were hacked by the fraudsters, resulting in an estimated $872,000 in financial losses.“
