Artificial Intelligence Identifies a Millionaire Crypto-Scam and Helps Locating its Perpetrators

The world of crypto and blockchain technologies evolves every day, and along with it, criminals also find new forms of delinquency. However, crime does not pay, and the field of cybersecurity also evolves at a frantic pace.

One example of the significant progress in this area can be found in South Korea. Yesterday, The Seoul Special Judicial Police Bureau for Public Safety arrested two people responsible for running a multi-million dollar Ponzi scheme. Orders were also issued against ten collaborators accountable for recruiting people who would later become victims of the scam.

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This would be a routine arrest if it weren’t for the fact that it wasn’t “human” agents who solved the case. The police were able to catch these criminals thanks to what they called an “artificial intelligence [AI] investigator.

In a conversation with the Korea JoongAng Daily, Hong Nam-ki, the section chief of the bureau’s second investigation team commented that the algorithm was…

Read Full Story : Ethereum World News

2019-04-10 07:50:02

Jose Antonio Lanz

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