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Sam Altman Is Right: AI-Powered Crypto Scams Are Exploding

Finally, a profession that has managed to successfully integrate artificial intelligence into its workflow: Crypto scammers. According to a report from blockchain intelligence firm TRM Labs, crypto scams are up 456% over the last year, due in large part to the ability to produce deepfake audio and video clips with artificial intelligence tools—making good on OpenAI CEO Sam Altman’s recent prediction/warning that a fraud crisis is just around the corner. There’s no doubt the fraud situation is g

Abacus dark web drug market goes offline in suspected exit scam

Abacus Market, the largest Western darknet marketplace supporting Bitcoin payments, has shut down its public infrastructure in a move suspected to be an exit scam. Exit scams occur when the operator of a marketplace decides to vanish with the money they hold in escrow for various transactions between platform users. Blockchain intelligence firm TRM Labs reports that Abacus shutting down so abruptly has all the indications of either an exit scam or a covert law enforcement operation dismantling