Fraudsters have a new weapon: artificial intelligence. For example, crypto from Spain misled people with videos generated by AI. Through this, two hundred attitudes lost a total amount of $ 21 million, the equivalent of 19 million euros.
The online criminals created videos, in which it looked as if a celebrity would invest in crypto itself. Then they placed an advertisement on social media. The pictures looked lifelike, but almost every scene was created with AI.
This is how the crypto was used
The approach of the passage shows the potential and at the same time the risk of AI. The victims were not selected by accident. Algorithms selected people who profile corresponded that the fraudsters were looking for.
At least two hundred people were convinced of a ‘female’ to invest in a certain cryptocurrency. The Spanish police did not announce exactly what cryptocurrencies it was.
The fraud came to light due to the announcement of a citizen from the Spanish city of Granada. This victim went to the police after it had lost more than 624,000 euros. After a determination of over two years, the police managed to arrest six members of the crypto.
Spanish police warn
According to the police, fraudsters are increasingly using AI to create advertisements. In it allegedly known people recommend a certain cryptocurrency.
Even ‘known faces’ also advise on non -regulated cryptoplatt forms that are actually in the hands of the criminals themselves. In addition, celebrity has absolutely nothing to do with the misleading ads.
The Spanish police warned Citizens in front of carelessly invest in cryptocurrencies. Do research and do not let yourself be carried away by great promises:
“The national police and the Guardia Civil remind citizens of how important it is to be extremely careful with investment offers that promise high profits without risk.”
Several charges
The Spanish police had been targeting the six suspects for a long time. It is people between thirty -four and fifty years. Against the suspects, an indictment for fraud, money laundering and the use of fake documents.
The gang’s head may have already booked a ticket to Dubai. The fraudster was arrested before he was able to flee. The police hope that he can tell more about the stolen money. The case has not yet been completed, and more details may follow soon.
Crypto fraud often occurs. With these three tips you protect yourself against this form of cybercrime.