The article, updated on June 7, reveals the emergence of AI-driven crypto crimes as a significant cyber threat. Elliptic's report exposes the exploitation of advanced technologies for deepfake scams, state-sponsored attacks, and other illicit activities. The report highlights an unethical advertisement on the dark web promoting a generative pre-trained transformer (GPT) that emphasizes the dual nature of AI. Deepfake videos featuring Elon Musk and Lee Hsien Loong are used to lure victims into fraudulent investment schemes. Scammers are increasingly using deepfake tactics on social media to deceive individuals into giving away their funds. The misuse of AI for criminal activities extends beyond scams, raising concerns among cybersecurity experts. The report also discusses the dark web's role in facilitating AI misuse and the recent arrest of a dark web market owner involved in a $100 million narcotics marketplace. AI's potential for both innovation and criminality is a growing concern in the crypto world. Read more AI-generated news on: https://app.chaingpt.org/news