AI and deepfake attacks are poised to extend beyond video and audio, potentially impacting cryptocurrency users. This perspective was shared by a CertiK expert in a conversation with Cointelegraph.
A representative from the security firm emphasized that attack vectors might target wallets using facial recognition to access assets.
“If a wallet uses facial recognition to protect critical information, it must assess the resilience of its solution against AI-related threats,” he noted.
Norton security expert Luis Corrons believes that AI-driven attacks on cryptocurrency owners will persist due to their significant benefits.
“Cryptocurrency transactions often involve high values and can be conducted anonymously, making them a more attractive target for cybercriminals. Successful attacks yield substantial financial rewards and reduce the risk of detection,” Corrons added.
The analyst highlighted the lack of cryptocurrency regulation, which provides cybercriminals with more opportunities for attacks with fewer legal consequences.
Previously, scammers deceived an 82-year-old pensioner out of $690,000 using a deepfake of Elon Musk.
During the launch of new iPhones and other Apple gadgets, YouTube was flooded with live streams featuring deepfakes of Apple’s CEO Tim Cook, who offered to “double deposits” in cryptocurrencies.