Can AI bots steal your crypto? The rise of digital thieves

Q: How long will it take to read this news story?

The story "Can AI bots steal your crypto? The rise of digital thieves" has 1944 words across 87 sentences, which will take approximately 9 - 17 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Can AI bots steal your crypto? The rise of digital thieves" was covered 11 hours ago by Coin Telegraph, a news publisher based in United States.

Q: How trustworthy is 'Coin Telegraph' news outlet?

Coin Telegraph is a fully independent (privately-owned) news outlet established in 2013 that covers mostly crypto news. The outlet is headquartered in United States and publishes an average of 119 news stories per day. It's most recent story was published 11 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Negative, indicating that people regard this as "bad news".

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #27059214</li><li>URL: https://chronographically.beamstart.com/news/can-ai-bots-steal-your-17421418314022</li></ul>

Coin Telegraph 11h ago

Can AI bots steal your crypto? The rise of digital thieves - Coin Telegraph

Quick Summary:

In one case, scammers abused the names of Elon Musk and ChatGPT to promote a fake crypto giveaway — complete with a deepfaked video of Musk — duping people into sending funds to scammers. In 2023, Sophos researchers found crypto romance scammers using ChatGPT to chat with multiple victims at once, making their affectionate messages more convincing and scalable.Similarly, Meta reported a sharp uptick in malware and phishing links disguised as ChatGPT or AI tools, often tied to crypto fraud schemes.

They gather personal information from leaked databases, social media and even blockchain records, making their scams extremely convincing. For instance, in early 2024, an AI-driven phishing attack targeted Coinbase users by sending emails about fake cryptocurrency security alerts, ultimately tricking users out of nearly $65 million.

Below are the most effective ways on how to protect crypto from hackers and defend against AI-powered phishing, deepfake scams and exploit bots:Use a hardware wallet: AI-driven malware and phishing attacks primarily target online (hot) wallets.