Justin Sun unveils AI system to track crypto scams

Source
JH Kim

Summary

  • Justin Sun, founder of Tron (TRX), said he has unveiled an artificial intelligence (AI) system to respond to virtual asset (cryptocurrency) crime.
  • He said the system has analyzed more than $1 billion in virtual-asset crime data, and that he plans to pay out bounties of about 10%—$100 million—to white-hat hackers and law enforcement agencies.
  • He added that the announcement is seen as an example of expanding efforts to actively apply AI technology to combat virtual-asset crime.

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Justin Sun, founder of Tron (TRX), has unveiled an artificial intelligence (AI) system designed to combat virtual asset (cryptocurrency) crime.

On the 26th (local time), Sun said on X (formerly Twitter) that he had "developed in-house an AI detective system capable of identifying suspects in virtual asset fraud cases."

The system has so far analyzed more than $1 billion worth of data related to virtual-asset crimes, and he plans to pay out bounties totaling about 10% of that amount—$100 million—to white-hat hackers and law enforcement agencies.

A dedicated website for tip submissions has also been launched.

The announcement is seen as an example of growing efforts to actively leverage AI technology in responding to virtual-asset crime.

Justin Sun, founder of Tron (TRX). Photo=Forbes
Justin Sun, founder of Tron (TRX). Photo=Forbes
JH Kim

JH Kim

reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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