AI in Crypto: How Generative AI Agents Will 'Solve Crime' in the Upcoming Years

AI in Crypto: How Generative AI Agents Will 'Solve Crime' in the Upcoming Years

user avatar

by Giorgi Kostiuk

2 years ago

Made with AI

  1. AI Against Crypto Crimes
  2. Exceptions for Tax Dodgers
  3. Challenges with Privacy Coins

    4. According to the CEO of Chainalysis, using artificial intelligence to analyze the blockchain and solve crimes will become the norm in the next five years. Michael Gronager shared his predictions on this topic at the Token2049 conference in Singapore.

    AI Against Crypto Crimes

    Asked whether generative AI could help with blockchain investigations within three to five years, Michael Gronager replied, 'It's not much further away.' He noted that cryptocurrency would become the primary tool for solving crimes due to its scalability, transparency, and international application. Automating investigations with AI would be more efficient than deploying numerous government agents, as it would prevent overlapping efforts among different departments.

    Exceptions for Tax Dodgers

    AI agents could identify tax evaders, but those who cashed out of crypto transactions five years ago or more will likely avoid detection. Gronager noted, 'There's a likelihood that you didn't end up paying your tax not because you didn't want to, but because you didn't know how.' However, with the advancement of software tools and crypto tax lawyers, such excuses will no longer be accepted. In the United States, the IRS and other tax departments are already using AI to track potential tax evaders.

    Challenges with Privacy Coins

    Gronager pointed out that crypto mixer protocols and privacy tokens like Monero significantly complicate AI's task of tracking criminals. However, the share of privacy transactions constitutes less than 1% of all crypto transactions. Despite an increase in crypto crime, the growth of privacy coins has not followed the general trend.

    According to a Chainalysis report, nearly $100 billion has been transferred from known illicit wallets to crypto exchanges or alternative services since 2019. Research indicates that crypto mixers and privacy coins hinder AI efforts in combating crimes, but their use remains marginal.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Shopify and Coinbase Introduce New Payment Protocol for Merchants

Shopify and Coinbase have launched a Commerce Payments Protocol enabling eligible merchants to accept USDC through Shopify Payments.

user avatarLeo van der Veen

Shopify's Commerce Payments Protocol Sees Over 42 Million Payments

Shopify's Commerce Payments Protocol has recorded over 42 million net settled payments and 448,000 tracked payments as of October 2, highlighting its significant activity and potential.

user avatarLi Weicheng

Chainalysis Investigates Security Breach

Chainalysis is investigating a security breach and has engaged external cybersecurity specialists to enhance its defenses.

user avatarAisha Farooq

Bitcoin's Relevance Grows as Small Businesses Face Economic Challenges

Bitcoin's relevance grows as small businesses face economic challenges due to rising costs and inflation.

user avatarTenzin Dorje

Hanwha Investment Securities and Chainlink Join Forces for Asset Tokenization

Hanwha Investment Securities announced a partnership with Chainlink to adopt data standards for a global real-world asset tokenization platform.

user avatarBayarjavkhlan Ganbaatar

Bitcoin White Paper Marks 18 Years: Future of Security Funding in Question

The Bitcoin white paper, authored by Satoshi Nakamoto, celebrates its 18th anniversary on October 31, 2026, raising questions about the future of network security funding.

user avatarMohamed Farouk

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.