On Thursday, March 28, a hack occurred on Prisma Finance, a decentralized lending protocol on the Ethereum network. The exploiter carted away about 3,257.7 ETH (equivalent to $11.6 million) via a flash loan attack on the protocol. On Friday, March 29, the Prisma Finance hacker transferred some of the proceeds from the theft to crypto […]
CFTC Issues Warning On AI-Driven Crypto Scams Exploiting Arbitrage Trading Strategies | Bitcoinist.com
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In a recent consumer alert, the Commodity Futures Trading Commission (CFTC) warned about the proliferation of scams leveraging artificial intelligence (AI) to lure unsuspecting individuals into fraudulent crypto investment schemes. Specifically, these scams exploit the growing interest in cryptocurrency arbitrage trading by making “audacious claims” of generating outsized profits through AI-powered algorithms. AI-Driven Crypto Investment […]