Fraudsters are leveraging AI-powered chatbots to execute sophisticated cryptocurrency scams, misleading victims into investing in fake projects. These deceptive chatbots impersonate reputable digital assistants, like Google’s Gemini, and employ persuasive tactics to foster trust. Recently, a fraudulent “Google Coin” presale website was uncovered, featuring a chatbot that guided users through a convincing yet illegitimate investment process. Despite its polished communication and fabricated branding, the site lacked any evidence of a legitimate organization. Once victims were lured into investing, they were directed to make irreversible cryptocurrency payments. Security experts warn that AI enhances the scalability of these scams, enabling fraudsters to engage with multiple victims simultaneously. Ongoing reports of rising crypto-related scams highlight the misuse of AI in financial crime. Users are urged to verify claims through official sources, remain skeptical of promises of guaranteed returns, and exercise caution with presales. Vigilance is essential as AI-driven scams evolve.
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