NewzRoom Afrika: Scammers prey on crypto industry
Updated: Jan 22, 2024
A new report on the state of safety and regulation in the crypto-currency market has revealed some concerning numbers. The study, by Sumsub, a verification platform, shows that scammers are using artificial intelligence to create fake profiles. Sum-subs' Hannes Bezuidenhout says the crypto industry is the most fertile ground for these fraud attacks.



![[SAfm] Africa: Highest iGaming fraud rate reported](https://static.wixstatic.com/media/178e71_d651508befcf4f44ae394cb95696c52a~mv2.jpg/v1/fill/w_980,h_730,al_c,q_85,usm_0.66_1.00_0.01,enc_avif,quality_auto/178e71_d651508befcf4f44ae394cb95696c52a~mv2.jpg)

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