• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Crypto Scams: How AI Enhances Threats on Huione’s Platform

user avatar

by Giorgi Kostiuk

a year ago

In 2024, crypto scams amounting to $9.9 billion were observed, with advanced technologies like AI significantly exacerbating the situation.

AI Boosts Cybercrime

The Huione platform, which offers fraudulent service vendors, received at least $375.9 million in cryptocurrency in 2024. From 2021 to 2024, AI-driven scam revenues increased by 1900%. Generative AI allows the creation of fake identities, bypassing identity verification.

GenAI is amplifying scams, the leading threat to financial institutions, by enabling low-cost, scalable fraud that exploits human vulnerabilities.Elad Fouks

Huione Platform and Its Participants

The Huione platform hosts numerous vendors supplying AI tools for scams. The platform offers 'face-changing services' using AI priced at $200 in cryptocurrency. Payments on the platform indicate purchases of such software.

Interaction and Consequences

Analysis on the Huione platform revealed 2,345 transfers between different scam facilitators and services. Main players include infrastructure providers and social media management services actively exchanging funds and services.

AI development significantly contributes to the proliferation of scams, particularly on platforms like Huione. Measures must be taken to counteract this threat.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

PayPal Faces Uncertainty After CEO Exit

chest

PayPal's stock is experiencing a significant decline following the departure of its CEO, raising concerns about the company's future.

user avatarDavid Robinson

UBS Reports Significant Profit Growth and Strategic Acquisitions

chest

UBS reported a 53% increase in profits last year and acquired Credit Suisse, strengthening its position in the banking sector.

user avatarMiguel Rodriguez

UBS Group AG Expands into Tokenized Services and Crypto Access

chest

UBS Group AG is developing tokenized services and crypto access for clients, as confirmed by CEO Sergio Ermotti during the Q4 earnings call.

user avatarRajesh Kumar

Senate Democrats to Hold Meeting on Crypto Market Structure Amid Legislative Delays

chest

Senate Democrats are set to hold a closed-door meeting to discuss the crypto market structure amid ongoing legislative delays.

user avatarArif Mukhtar

CFTC Chair Michael Selig Pushes for CLARITY Act to Define Crypto Regulations

chest

Michael Selig, the newly appointed CFTC Chair, advocates for the CLARITY Act to establish clear regulations for the crypto market.

user avatarLuis Flores

TMTG to Launch Digital Token for Truth Social Shareholders

chest

TMTG will soon issue a nontransferable digital token for Truth Social shareholders to engage them and leverage the cryptocurrency market.

user avatarMaria Gutierrez

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.