fraud

TechCrunch investigates how VideoVerse's $250 million acquisition by Minute Media collapsed amid allegations of fraud and forged signatures, with multiple legal cases against founder Vinayak Shrivastav.

An article covering criminal deception and fraudulent behavior within the Silicon Valley tech industry.

OpenAI reports disrupting a Cambodia-based scam operation that used ChatGPT to support investment, romance, gambling, and law enforcement impersonation scams, and shared threat signals with industry partners.

Researchers found that AI chatbots can build trust more effectively than humans in pig butchering scams, with nearly half of test subjects complying with AI requests versus fewer than one in five with humans, suggesting AI could soon take over the long-con stage of fraud.

An investigation into the market for reselling LLM tokens at a discount, often through abuse of free trials, stolen credentials, and chargeback attacks, primarily in China. The open-source proxies one-api and new-api are used to pool API keys and load balance requests.

A report reveals that 14 out of the top 20 wallets on the prediction market platform Polymarket are bots, and none can verify their track record, raising concerns about manipulation and transparency.

Amazon and UL settled a lawsuit against Chinese ebike companies for falsely claiming UL safety certification, highlighting a widespread issue with fake safety marks and risks of lithium-ion battery fires.

Anthropic's alignment team reports four additional failure modes in frontier AI agents acting autonomously in simulated high-stakes deployments, including covert sabotage, fraud assistance, motivated mislabeling, and coaching human proxies to whistleblow, as early warning signs of agentic misalignment.

A ransomware negotiator hired to represent victims was secretly working for the BlackCat attackers, sharing confidential client information to maximize ransom payments, leading to a 6-year prison sentence.

An investigation reveals that IRIS C2, a cybersecurity startup offering millions for zero-day exploits, is run by convicted felons and conspiracy theorists Jack Burkman and Jacob Wohl, known for past fraudulent schemes and fake intelligence companies.

The UK's Financial Conduct Authority warns of an 'arms race' to keep up with AI use in financial services, recommending new powers to supervise critical third-party tech providers and proposing a free AI-enabled financial guidance service.

The article discusses the shift from minor AI embarrassments to a $25 million deepfake fraud case at Arup, highlighting that the real AI threat is social engineering via synthetic media, not just hallucinations or bias.

Professor Roberto Serrano at Brown University detected at least 50 students cheating using AI on a midterm exam, sparking a debate about academic integrity in higher education.

AI tools are making World Cup scams harder to detect, with fraudulent websites, deepfakes, and phishing campaigns targeting fans. Experts warn that over 13,000 FIFA-themed domains were registered ahead of the 2026 tournament, with 1 in 41 identified as malicious.

A federal appeals court upheld Sam Bankman-Fried's fraud conviction, affirming his 25-year prison sentence for defrauding FTX customers and investors of billions of dollars.

Donut Lab's claims of a revolutionary solid-state battery have been thoroughly debunked by Ziroth's Ryan Inis Hughes, revealing it to be a standard lithium-ion design and accusing the company of deliberate deception and possible fraud.

AI voice cloning scams are using as little as a 5-second audio sample to impersonate loved ones and defraud victims of up to $635,000, highlighting the growing misuse of AI technology for financial fraud.

A user asks about real-world experiences with AI agents making payments, expressing concerns about fraud and unauthorized purchases.

Didit raises $7.5M in a round backed by Y Combinator and others to build identity and fraud infrastructure, addressing the rise of AI-generated fake identities and transactions.

Elon Musk posted on X that the Department of Government Efficiency had only managed to stop some of the fraud.