AI is now in the Philippines: AI Summit PH 2023 Day 2 recap
The second day of the inaugural AI Summit PH 2023 event at Marriot Grand Ballroom focused on fraud, the AI landscape, economic growth, education, and regulation.
The second day of the inaugural AI Summit PH 2023 event at Marriot Grand Ballroom focused on fraud, the AI landscape, economic growth, education, and regulation.
The Moroccan trial court handed down an 18-month prison sentence on 21-year-old French citizen Thomas Clausi and a steep fine of 3.4 million EUR ($3.7 million).
On May 3, the U.K. government announced a blanket ban on cold calls selling financial products, including digital assets, which covers legitimate calls as well as scams.
The prosecution said Nathaniel Chastain used anonymous accounts to commit fraud and money laundering, resulting in a first-ever conviction of such charges in the digital asset industry.
The bad actors allegedly pay for Google ads to rank first on search results for several keywords that urge users to enter their wallet login details on the websites, according to Scam Sniffer.
South African national Steynberg was charged with the offense of operating a multi-level marketing scheme, which stole over 29,421 BTC from thousands of investors.
Cooper Morgenthau is charged with stealing from two SPACs and falsified financial documents, using the money to trade meme stocks and digital assets, where he lost it all.
Esteban Cabrera Da Corte, the man behind the Miami-based syndicate operating a refund scheme, entered a guilty plea that would likely reduce his 20-year sentencing over wire fraud.
If found guilty, Kane, Wolvaardt, and Hampton will face five years in prison for conspiracy to commit securities price manipulation and 20 years on other charges.
If convicted by Turkish courts, Faruk Fatih Ozer, CEO of defunct Thodex exchange, could face over 10 years in prison and disgorgement of illicit gains.
With the correct and legal approach, AI can help make the digital currency industry more secure, efficient, and transparent, creating a more sustainable and accessible ecosystem for all stakeholders.
Capping the second session of The Bitcoin Masterclasses, CSW emphasized that while blockchain can't solve all problems, it could be utilized to help track where and when issues in industries occur.