South Corea Police catches criminals using AI
This security group captured the CEOs of a website that used a bitcoin Ponzi scheme to scam users
The Seoul Special Judicial Police Office for Public Safety apprehended the CEOs of a website that used a bitcoin Ponzi scheme with the use of Artificial Intelligence.
This site stole at least some 56,000 people and some 18.7 million dollars. The scammers attracted people with little knowledge about the digital currency, mostly elderly people, housewives and retired people with free recruitment and cryptocurrency bonuses.
According to the authorities, the Ponzi scheme was active for at least six months from May 2018. These criminals were caught thanks to the use of Artificial Intelligence.
“Through keywords like Ponzi, members of loans and recruiting, we were able to teach the artificial intelligence patterns of the Ponzi schemes”, said Hong Nam–ki, the section head of the office’s second research team.
The CEOs created an exchange of digital assets and a web page which recruited members with annual high rates and membership of 10 years which included discounts with accommodation, leisure, events such as funerals and weddings.
K. Tovar
Source: Coincrispy
