Criminal networks use AI and crypto for cyberattacks and scams, posing challenges for regulation

From Cointelegraph
March 19, 2025 07:01 AM:

Europol’s report highlights how artificial intelligence and crypto contribute to organized crime. Criminal networks leverage AI for efficiency in cyberattacks and scams, with generative AI lowering barriers for digital crimes. Blockchain and NFTs also play a role in traditional crime areas like drug trafficking. The industry faces challenges in regulation and security after the recent Bybit hack, which resulted in significant losses. Crypto investigator ZachXBT emphasizes the need for government intervention to address vulnerabilities in decentralized and centralized protocols.

Read more at Cointelegraph: AI and crypto drive criminal efficiency: Europol