Money

Crypto giveaway scam unveiled and thwarted by AI

Published

2 years ago

August 13, 2023

San Diego State University researchers have harnessed artificial intelligence (AI) to unveil and thwart cryptocurrency giveaway scams on Twitter.

The AI tool, named GiveawayScamHunter, has astonishingly identified 95,111 fraudulent lists produced by 87,617 accounts on the platform between June 2022 and June 2023.

Using GiveawayScamHunter, the researchers successfully extracted the website and wallet addresses linked to these scams, uncovering 327 fraudulent giveaway domains and 121 new cryptocurrency wallet addresses. This initiative has also shed light on the mechanics of these scams, detailing how scammers target victims and providing an estimate of the number of victims during the one-year study period.

The report approximated that over 365 individuals fell victim to crypto scams, resulting in losses exceeding $872,000. The researchers underscored the prevalence of active spam accounts, indicating the urgency in detecting and curtailing their dissemination.

To identify the scam-related lists, the researchers utilized a natural language processing tool trained on previously identified scam data. This facilitated the identification of almost 100,000 instances of scam lists and gathered data on previously unreported scam websites and wallets.

The research findings, which include associated accounts, domains, and wallet addresses, have been shared with both Twitter and the cryptocurrency community. However, as per the report, 43.9% of the associated accounts remain active as of the publication date.

This use of AI in identifying cryptocurrency giveaway scams aligns with scammers’ exploitation of AI-driven tools to devise new methods of fraud. These tactics amplify the reach of scams and fabricate a veneer of authenticity through the creation of fake followers and interactions.

Money

Australia’s inflation hits 3.8%: Budget decisions under pressure

Australia’s inflation hits 3.8%, raising concerns for households; Dr. Enticott discusses implications for everyday Australians and economic planning.

Published

1 day ago

February 3, 2026

Harvey Vargas

Australia’s inflation hits 3.8%, raising concerns for households; Dr. Enticott discusses implications for everyday Australians and economic planning.

Australia’s inflation has surged to 3.8%, sparking concern for households and businesses. Experts warn that rising prices could threaten financial stability if the government does not act in the upcoming budget.

Dr Steven Enticott from CIA Tax joins Ticker to break down what this inflation spike means for everyday Australians. He also explains why inflation above the Reserve Bank’s target band is particularly significant and how it affects economic planning.

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#AustraliaInflation #EconomicUpdate #Budget2026 #RBA #FinancialNews #BusinessImpact #HouseholdCosts #TickerNews

Money

Wall Street gains momentum amid tech and earnings surge

U.S. stocks rose Monday, driven by Oracle gains, as investors overlooked recent silver and bitcoin losses ahead of earnings week.

Published

1 day ago

February 3, 2026

Harvey Vargas

U.S. stocks rose Monday, driven by Oracle gains, as investors overlooked recent silver and bitcoin losses ahead of earnings week.

U.S. equities climbed on Monday as Wall Street kicked off a new month of trading. Investors looked past recent losses in silver and bitcoin, with optimism returning to major indices. The S&P 500 rose 0.7%, led by gains in Oracle shares following the company’s announcement to raise up to £50 billion for cloud capacity.

The Dow Jones Industrial Average surged 501 points, while the Nasdaq Composite increased 0.9%. Analysts note that the broader market is showing resilience despite mixed signals from tech and commodities.

More than 100 S&P 500 companies are expected to report earnings this week. Strong growth is predicted, even as some high-profile sell-offs continue to make headlines.

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Money

U.S. dollar weakens while Australian dollar rises amid global market shifts

Published

5 days ago

January 30, 2026

Harvey Vargas

US dollar weakens as Trump comments; Australian dollar gains from commodity prices and RBA rate hike expectations

The US dollar is coming under pressure as the economy remains strong and President Trump comments on its decline. We explore how this is impacting major currencies around the world and what it means for investors.

Meanwhile, the Australian dollar is benefiting from rising commodity prices and growing expectations of an RBA rate hike. Global investors are increasingly drawn to Australia’s bond market as economic conditions shift.

Currency trading strategies are adapting to this changing landscape, with potential implications for interest rates and international markets. Steve Gopalan from SkandaFX breaks down the trends.

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#USDDollar #AustralianDollar #ForexTrading #RBA #InterestRates #GlobalEconomy #CurrencyMarket #Ticker