Cybersecurity

Chainalysis Fights AI-Driven Crypto Scams

by admin on | 2025-06-06 22:11:43

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Chainalysis introduced Alterya, an AI-powered tool to combat the rising tide of AI-driven crypto scams, with 60% of scam-related wallets now using AI, up from 20% in 2024. The tool enhances scam detection and fund tracing on blockchains, addressing cross-border financial crime ecosystems, as discussed in a June 11, 2025, webinar with UNODC experts.

The surge in AI-driven fraud, including deepfake scams and automated attacks, has made traditional detection methods obsolete. Alterya’s real-time analytics aim to protect investors and exchanges, but experts warn that criminals are also leveraging AI to evade detection, creating an arms race in cybersecurity. Collaboration between tech firms and regulators is crucial to stay ahead of these evolving threats.