Crypto scams growing more sophisticated with AI, outlet warns

The increasing sophistication of crypto scams, driven by advancements in artificial intelligence (AI), requires greater vigilance, CryptoSlate has warned. The outlet cited the case of a crypto project founder who was deceived by a deepfake scammer impersonating a Cardano (ADA) Foundation official, leading to his laptop being hacked. According to the founder, the hacker impersonated a foundation official with whom he had previously spoken and initiated a video call. During the call, both the voice and face of the impersonator matched the victim's memory of the actual person. However, the call quality was poor, and a message prompted the founder to update the Microsoft Teams video conferencing platform. CryptoSlate highlighted that even the tech-savvy founder found the situation plausible, and his laptop was compromised when he proceeded with the fake software update.