Tech
The elliptical report reveals that AI-powered crypto crimes are only in their infancy
The introduction of artificial intelligence has opened up new possibilities for criminals to use advanced techniques to achieve their goals. The elliptical is recent relationship highlights artificial intelligence (AI) as a tool for advanced cryptographic crimes.
These crimes range from deepfake scams to advanced crimes such as state-sponsored cyberattacks. The report also notes an advertisement appearing on the dark web promoting an unethical pre-trained generative transformer (GPT).
This advertisement claims that artificial intelligence has two faces, just like humans. This therefore implies that a new wave of advanced crime has just begun.
AI-powered crypto crimes are still in their early stages
Additionally, the report highlighted a WormGPT advertisement that urged users to embrace the dark side of the code. According to the announcement, on the dark web the rules cease to exist and the only limit is your imagination. Additionally, he said users can navigate the shadows of cyberspace together.
Additionally, Elliptic revealed deepfake videos of Elon Musk being used for fraudulent purposes. Similarly, deepfakes of former Singapore Prime Minister Lee Hsien Loong are shown to promote fraudulent activities.
Even the CEO of Ripple Brad Garlinghouse has had its fair share of difficulties with these deepfakes that aim to deceive followers. Specifically, Ripple’s CTO David Schwartz warned the public after the July 2023 victory that cheaters would take advantage of the result.
According to Schwartz, these scammers will create fake airdrop campaigns hoping to steal cryptocurrencies from unsuspecting individuals. Therefore, cryptocurrency giveaways and token doubling scams are increasing through the use of these deepfake videos of cryptocurrency CEOs and influential people.
US raises alarm over North Korean criminal activities using artificial intelligence
In another report, the U.S Deputy National Security Advisor for Information and Emerging Technologies Anne Neuberger addressed the rising tide of AI-based crime.
The report states that AI is being used for more advanced malicious purposes than regular scams. So, he believes that North Korea and other state criminal actors are adopting these AI models.
These criminals use these patterns to create malicious software that can also identify systems vulnerable to attacks. Furthermore, the report showed how AI is being abused in dark web spaces. In particular, there is growing interest among these dark web users in using artificial intelligence to decode the seed phrases of crypto wallets.
They are also looking for means to bypass authentication for services like OnlyFans. These criminals hope to use image manipulation services like DeepNude to trick OnlyFans subscribers.
However, since the dark web peaks of activity also increase the chances of encountering the police. For example, the recent arrest of a 23-year-old dark web market operator in New York on May 18 is a related case.
The man known as Pharaoh ran a narcotics ring on the dark web, profiting $100 million from the crime. Surprisingly, the FBI backtracked on its cryptocurrency transfers to reveal this crime.
Further investigation revealed his real name as Rui-Siang Lin, which led to his arrest at New York’s John F. Kennedy Airport on May 18. The Manhattan U.S. Attorney’s Office wrote in a statement that Lin ran Incognito Market for nearly four years. This platform was a narcotics sales base that reaped millions of dollars in personal profits.
Then, Lin faces crime expenses for taking part in a criminal enterprise, criminal conspiracy and money laundering. As a result, if convicted, he faces life imprisonment as the maximum sentence. It is hoped that this will serve as a deterrent to other criminal elements.
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