In recent years , the cryptocurrency market has witness ed a sur ge in cases of fraud using technical means and loop ho les in social platform s , result ing in huge los ses for investors . According to a report by blockchain analy tics company Cha inal ysis , the volume of global cryptocurrency fraud will exce ed $4 billion in 202 3, with the largest share coming from fraud ulent investment platform s , ph ishing attacks and P onzi sch emes .
The use of artificial intelligence (AI) has exa cer bat ed this trend . Fra ud sters use AI to create fake images , fake recommend ation videos and even