A year-long study by San Diego State University yielded an AI algorithm, GiveawayScamHunter, to combat rising cryptocurrency scams. The technology revealed over 95,000 scams, leading to losses exceeding $872,000 in a year. The research further disclosed scam-associated domains and wallets, stressing the importance of transparency and vigilance in the evolving cryptocurrency landscape.
Search Results for: San Diego State University
AI-Powered Scam Hunting: The Battle Against Crypto Giveaway Frauds on Social Platforms
San Diego State University researchers have leveraged artificial intelligence to identify over 95,000 cryptocurrency scam cases on social networking platforms. This AI system, termed GiveawayScamHunter, aids in recognizing scams by sifting through user data associated with identified prize scams, enhancing understanding of scammers’ techniques and stressing on user safety and caution.