Swiss tech firm launches AI made of human brain cells rental service

ASIC said it found a suspicious crypto investment firm known as Dexa Trade Markets in July, which falsely claimed to be internationally regulated, have billions in trading volume, and have millions of investors signed up.

In its investor alert listing, ASIC said Dexa Trade Markets does not hold any appropriate licenses to operate in Australia. 

Some say AI might help protect us too

But some suggest AI might be the solution to prevent a lot of scams too.

In January, SingularityNET CEO Ben Goertze suggested AI could also be the answer to stopping crypto scams by creating customized summaries of crypto entities’ reputations using raw data and reports from many different sources.

While he admitted he does not believe these features will prevent all instances of crypto scams, he says it could at least alert customers to the numerous red flags observable in an easily digestible format. 

Meanwhile, fake crypto ads have been a hot topic recently. The Australian Competition and Consumer Commission (ACCC) recently claimed that over half of crypto ads on Facebook are either scams or violate Meta’s policies, citing preliminary research.

Facebook’s parent company, Meta, has denied these claims, arguing that the data is outdated and that it has since taken steps to address these issues.