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You Won’t Believe the Shocking Role AI Played in Crypto Heist of Century

A  illustration of an empty room with a giant AI robot sitting on a desk surrounded by fake screens displaying cryptocurrency charts, while two figures (representing investors) are shown walking away in shock and disappointment; one figure is holding a 'Wanted' poster with the words 'AI Washing' scribbled on it.

Fake news, fake profits: another crypto scam exposed.

Source: cointelegraph

A trading firm has settled charges with the United States Securities and Exchange Commission, after the agency accused it of faking its artificial intelligence capabilities and misleading investors to raise almost $4 million. Rimar Capital, Rimar Capital USA, their CEO Itai Liptz and Rimar USA board member Clifford Boro together paid a $310,000 civil penalty to settle fraud-related charges — which they didn’t admit or deny — the SEC said […]

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