Artificial intelligence is not eliminating the people behind online fraud; instead, it is helping them automate parts of their work, according to CryptoSlate. The report notes that scams have traditionally depended on substantial manual effort. Romance schemes, for example, require operators to maintain ongoing conversations with targets, while other fraud attempts may involve messages claiming that a victim’s cryptocurrency account has been frozen. AI is now being used as an automation tool in this criminal activity, potentially allowing scammers to handle communication-heavy tasks more efficiently. The development challenges the expectation that AI would simply replace fraudulent operators or remove the human work involved in scams. CryptoSlate’s report focuses on the changing mechanics of online fraud and the expanded role of automation, rather than on any specific cryptocurrency, token, market price or investment outlook.
