Cybersecurity team monitors AI scam-baiting bots in Sydney office
Bitcoin News

Inside Apate: How 200,000 AI ‘victims’ are wasting scammers’ time and saving millions

Australian cybersecurity firm Apate is running a global operation that turns the tables on online fraudsters: a fleet of nearly 200,000 AI-powered personas that pose as gullible victims, waste scammers’ time, and extract actionable intelligence for banks, telcos, and crypto analytics firms. The company’s bots field hundreds of thousands of calls and chat conversations daily, […]

Japanese regulators and police officials meeting in Tokyo to discuss crypto exchange safeguards
Bitcoin News

Japan’s FSA urges crypto exchanges to impose withdrawal delays to combat scams

Japan’s Financial Services Agency (FSA) has formally requested that cryptocurrency exchanges introduce withdrawal delays and other protective measures as part of a coordinated effort to combat rising digital asset scams. The request, issued jointly with the National Police Agency on Thursday, responds to growing losses among exchange users and the increasing transfer of fraudulently obtained […]