Tag: scam

Artificial Intelligence (AI) has revolutionised many industries, and the world of cryptocurrency is no exception. With the rise of digital currencies comes an increase in scams and fraudulent activities, posing a threat to the security of crypto investors and delaying crypto mass adoption. We at VALEGA Chain Analytics use AI in several internal services, to validate and extract information from our data, but AI can be of great assistance in reducing the scam problem when applied to other areas and direct interaction with users. What is Artificial Intelligence AI is the simulation…

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Being VALEGA Chain Analytics CTO I deal with a harsh reality: people fall for crypto scams and lose their money every day. Year after year the numbers just go up. From phishing to Ponzi schemes, from rug pulls to plain hardcore stealing, the raw volume is just scary and in a way amazing! Common sense tells us that the more the crypto world evolves, the fewer scams. Reality shows us the opposite and it’s surprising. Nowadays it is easy to find communities dedicated to finding and validating scams, there are analysis tools,…

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