• 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

7 months 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

Pudgy Penguins NFT Trading Volume Increases

chest

The trading volume and sales of Pudgy Penguins NFTs have seen a significant increase over the past 24 hours.

Gustavo Mendoza

Significant Bitcoin ETF Outflows Mark Shift in Market Sentiment

chest

On September 17, Bitcoin ETF outflows reached $51 million, marking the first major withdrawal after seven consecutive days of inflows, driven by institutional investors repositioning their cryptocurrency holdings.

Miguel Rodriguez

KRW1 Launch Signals Competitive Landscape for Stablecoins in Asia

chest

The launch of KRW1 by BDACS marks a significant development in the competitive landscape for stablecoins in Asia.

Luis Flores

Future Plans for RLUSD Stablecoin Partnership Include Credit Solutions

chest

The second phase of the RLUSD stablecoin partnership will explore using sgBENJI tokens as collateral for credit facilities, with DBS acting as custodian for third-party lending platforms.

Maria Gutierrez

KRW1 Stablecoin Launch Marks a Significant Milestone for South Korea's Digital Asset Sector

chest

The launch of the KRW1 stablecoin by BDACS on September 17 marks a significant milestone for South Korea's digital asset sector, being the first fully operational won-pegged stablecoin on the Avalanche blockchain.

Arif Mukhtar

RLUSD Stablecoin Partnership Powers Institutional Crypto Yield With XRP Ledger

chest

A partnership between DBS Digital Exchange, Franklin Templeton, and Ripple has created the first tokenized money market fund repo trading system on the XRP Ledger, delivering institutional crypto yield solutions for accredited investors.

David Robinson

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.