SouthKorean appeals court just upheld sentences for a $13.8M AI crypto fraud. This wasn't some minor scam, 19 billion won taken by a fake arbitrage play. Perpetrators promised guaranteed profits from an AI system exploiting $BTC price differences across exchanges. Classic Ponzi scheme, the AI tech was a phantom. This highlights the ongoing risks in niche AI investment narratives. Expect more judicial scrutiny globally as regulators catch up to complex crypto-AI narratives. The market will demand genuine tech and transparency, filtering out the noise from real projects.
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