Check out the article on how AI can help the cryptocurrency industry combat scams

Experts overlook the possibility that AI could have the opposite effect, as most discussion regarding integrating artificial intelligence and the crypto industry focuses on how AI can assist the crypto industry combat scams. As of late, Meta cautioned that programmers gave off an impression of exploiting OpenAI's ChatGPT in endeavors to acquire passage into clients' Facebook accounts.

Meta detailed hindering over 1,000 vindictive connections veiled as ChatGPT expansions in Spring and April alone. In the eyes of con artists, the platform went so far as to refer to ChatGPT as "the new crypto." Additionally, over 700 token trading pairs that mention either "ChatGPT" or "OpenAI" can be found when searching on DEXTools, an interactive cryptocurrency trading platform that tracks the number of tokens. This shows that con artists are utilizing the publicity around the artificial intelligence apparatus to make tokens, despite OpenAI not declaring an authority passage into the blockchain world.

Web-based entertainment stages have become famous channels for advancing new trick coins on the web. Tricksters exploit these stages' boundless reach and impact to create a massive following within a brief period. They can expand their reach and cultivate a seemingly devoted fanbase of thousands of individuals by utilizing AI-powered tools. These fictitious interactions and accounts can be used to give the impression that their scam projects are popular and credible.

Quite a bit of crypto deals with social evidence of work, which recommends that if a digital money or venture seems famous and has an enormous following, it should be well-known on purpose. Projects with more devoted online followings are more likely to be trusted by investors and new buyers, assuming that others have conducted sufficient research before investing. AI, on the other hand, has the potential to challenge this assumption and weaken social proof of work.