Crypto Assets Under Siege by Cybercriminals — AI Steps In to Strengthen Defense
By Jeong-ho Hwang | KBS | January 15, 2025
As Bitcoin, the flagship of digital assets, continues to trade well above 100 million KRW (approx. $75,000 USD), public interest in cryptocurrencies remains strong despite recent market volatility. However, this soaring popularity has made digital assets a prime target for cyberattacks and criminal exploitation, including scams, phishing, and theft.
One key reason criminal organizations are increasingly turning to crypto lies in the technical architecture of digital assets. Unlike traditional centralized systems, blockchain networks rely on decentralized nodes that record and synchronize transaction data. While this structure helps preserve transparency and tamper resistance, it also provides a degree of anonymity—making tracing illicit activity far more challenging.
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According to Tae-woo Han, Executive Director at Bonanza Factory, “Our platform, powered by AI, helps visualize core transactional patterns. When users wish to investigate suspicious fund flows, they can instantly track them through our interface.”
The AI engine scans and monitors addresses linked not only to scams, phishing schemes, and dark web activity, but also to individuals and entities on international sanctions lists. Through this systematic analysis, it becomes possible to block suspicious withdrawals in cooperation with exchanges and take proactive countermeasures before fraud escalates.
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