Tech

Artificial intelligence is amplifying the cyber threats facing the global financial system and could trigger a system-wide shock unless regulators and banks build stronger defenses, the International Monetary Fund warned Thursday.

Customers of the Claude artificial-intelligence chatbot are being targeted by a fraud scheme in which scammers use compromised accounts to buy hundreds of pounds’ worth of gift cards.

World Liberty Financial, the Trump family-linked crypto venture, announced a deal in November to enable its USD1 stablecoin on a crypto network whose flagship resort project was controlled by two men the U.S. government had sanctioned weeks earlier as alleged operatives of an Asian scam ring.

Tether froze more than $344 million in USDT across two addresses Thursday in coordination with the U.S. authorities, the stablecoin issuer announced, in one of the largest compliance actions in the company’s history.

New York Attorney General Letitia James sued crypto exchanges Coinbase and Gemini on Tuesday, accusing them of operating prediction markets that violate state gambling laws.

Anthropic withheld its new artificial intelligence model, Mythos, from a broad public release after internal testing showed it could autonomously find and exploit serious software flaws, alarming company researchers and prompting banks and government agencies to move quickly to assess the threat.

Fraud appears to be worsening in the UK’s insurance sector, driven in large part by the submission of phony claims backed by AI-altered images. 

Telegram is still hosting Xinbi Guarantee, a Chinese-language black market that British officials have levied sanctions on and accused of facilitating crypto scams and human trafficking.

U.S. lawyers are increasingly warning clients not to treat artificial-intelligence chatbots as confidential sounding boards after a federal judge in New York ruled that a former financial-services executive could not withhold chatbot-generated materials from prosecutors in a securities-fraud case.

A fake version of Ledger Live distributed through Apple’s App Store drained at least $9.5 million in cryptocurrency from more than 50 victims across multiple blockchains in a phishing campaign that ran from April 7 to April 13.