Hong Kong police arrested 27 people it accused of running an AI deepfake crypto scam operation from a 4,000-square-foot industrial building in the region.
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Phishing attacks are a growing concern in the crypto industry, accounting for over $46 million worth of cryptocurrency stolen during September.
The YouTube influencer doesn’t appear to have broken any laws, but his actions have sparked ethical concerns within the crypto community.
The FBI’s ‘NexFundAI’ coin was used to catch alleged market manipulators, but the crypto community may have confused it with another coin.