How digital twins are being weaponised in crypto scams
Scammers create synthetic identities through deepfakes and stolen data, tricking users into fraudulent crypto transactions.
Digital twins are virtual models of real-world objects, systems, or processes. They enable real-time simulations, monitoring, and predictions, helping industries like healthcare and manufacturing optimise resources. In the crypto world, cybercriminals have found a way to exploit this technology for fraudulent activities.
Scammers create synthetic identities by gathering personal data from various sources. These digital twins are used to impersonate influencers or executives, promoting fake investment schemes or stealing funds. The unregulated nature of crypto platforms makes it…
