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Wazirx Founder Denies Remaining Assets Are Gone, Warns About New Fake Account Trend

Wazirx Founder Denies Remaining Assets Are Gone, Warns About New Fake Account TrendWazirx co-founder Nischal Shetty has addressed concerns about the remaining assets following the cyberattack, stating that misinformation has caused unnecessary fear by suggesting these assets are also gone. He emphasized that such claims are baseless and are made only to attract attention. He also promised to share Wazirx’s Proof of Reserves (PoR) after a new […]

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Curve CEO clears up UwU Lend hack, CRV burn misinformation

The Curve CEO clarifies misinformation about the UwU Lend hack and CRV token burn, outlining preventative measures and repayment of bad debt.

Michael Egorov, the founder and CEO of Curve Finance (CRV), has weighed in on the recent UwU Lend hack, explaining that the incident did not exploit Curve Finance itself. 

In a Q&A with Cointelegraph, Egorov clarified that “this was not a Curve exploit. This was an exploit of a separate project [UwU Lend],” explaining:

Egorov highlighted measures to prevent future exploits, recommending that UwU Lend “re-verify all contracts and connect them to good security auditors” to hopefully recuperate losses.

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Digital ID Startup Spins off From Polygon Labs, Aims to Mitigate AI-Generated Misinformation Risks

Digital ID Startup Spins off From Polygon Labs, Aims to Mitigate AI-Generated Misinformation RisksPrivado ID, previously known as Polygon ID, has announced its spin-off from Polygon Labs on June 13, 2024. The move aims to meet the global demand for digital identity and reputation solutions that work with both onchain and online data. Privado ID’s technology leverages decentralization and private interaction to reduce cost, complexity, and counterparty risk. […]

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AI researchers say they’ve found a way to jailbreak Bard and ChatGPT

Artificial intelligence researchers claim to have found an automated, easy way to construct "adversarial attacks" on large language models.

United States-based researchers have claimed to have found a way to consistently circumvent safety measures from artificial intelligence chatbots such as ChatGPT and Bard to generate harmful content. 

According to a report released on July 27 by researchers at Carnegie Mellon University and the Center for AI Safety in San Francisco, there’s a relatively easy method to get around safety measures used to stop chatbots from generating hate speech, disinformation, and toxic material.

The circumvention method involves appending long suffixes of characters to prompts fed into the chatbots such as ChatGPT, Claude, and Google Bard.

The researchers used an example of asking the chatbot for a tutorial on how to make a bomb, which it declined to provide. 

Screenshots of harmful content generation from AI models tested. Source: llm-attacks.org

Researchers noted that even though companies behind these LLMs, such as OpenAI and Google, could block specific suffixes, here is no known way of preventing all attacks of this kind.

The research also highlighted increasing concern that AI chatbots could flood the internet with dangerous content and misinformation.

Professor at Carnegie Mellon and an author of the report, Zico Kolter, said:

“There is no obvious solution. You can create as many of these attacks as you want in a short amount of time.”

The findings were presented to AI developers Anthropic, Google, and OpenAI for their responses earlier in the week.

OpenAI spokeswoman, Hannah Wong told the New York Times they appreciate the research and are “consistently working on making our models more robust against adversarial attacks.”

Professor at the University of Wisconsin-Madison specializing in AI security, Somesh Jha, commented if these types of vulnerabilities keep being discovered, “it could lead to government legislation designed to control these systems.”

Related: OpenAI launches official ChatGPT app for Android

The research underscores the risks that must be addressed before deploying chatbots in sensitive domains.

In May, Pittsburgh, Pennsylvania-based Carnegie Mellon University received $20 million in federal funding to create a brand new AI institute aimed at shaping public policy.

Magazine: AI Eye: AI travel booking hilariously bad, 3 weird uses for ChatGPT, crypto plugins

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Forget Cambridge Analytica — Here’s how AI could threaten elections

While disinformation is an ongoing issue that social media has only contributed to, AI could make it much easier for bad actors to spread disinformation.

In 2018, the world was shocked to learn that British political consulting firm Cambridge Analytica had harvested the personal data of at least 50 million Facebook users without their consent and used it to influence elections in the United States and abroad.

An undercover investigation by Channel 4 News resulted in footage of the firm’s then CEO, Alexander Nix, suggesting it had no issues with deliberately misleading the public to support its political clients, saying:

“It sounds a dreadful thing to say, but these are things that don’t necessarily need to be true. As long as they’re believed”

The scandal was a wake-up call about the dangers of both social media and big data, as well as how fragile democracy can be in the face of the rapid technological change being experienced globally.

Artificial intelligence

How does artificial intelligence (AI) fit into this picture? Could it also be used to influence elections and threaten the integrity of democracies worldwide?

According to Trish McCluskey, associate professor at Deakin University, and many others, the answer is an emphatic yes.

McCluskey told Cointelegraph that large language models such as OpenAI’s ChatGPT “can generate indistinguishable content from human-written text,” which can contribute to disinformation campaigns or the dissemination of fake news online.

Among other examples of how AI can potentially threaten democracies, McCluskey highlighted AI’s capacity to produce deep fakes, which can fabricate videos of public figures like presidential candidates and manipulate public opinion.

While it is still generally easy to tell when a video is a deepfake, the technology is advancing rapidly and will eventually become indistinguishable from reality.

For example, a deepfake video of former FTX CEO Sam Bankman-Fried that linked to a phishing website shows how lips can often be out of sync with the words, leaving viewers feeling that something is not quite right.

Gary Marcu, an AI entrepreneur and co-author of the book Rebooting AI: Building Artificial Intelligence We Can Trust, agreed with McCluskey’s assessment, telling Cointelegraph that in the short term, the single most significant risk posed by AI is:

“The threat of massive, automated, plausible misinformation overwhelming democracy.”

A 2021 peer-reviewed paper by researchers Noémi Bontridder and Yves Poullet titled “The role of artificial intelligence in disinformation” also highlighted AI systems’ ability to contribute to disinformation and suggested it does so in two ways:

“First, they [AI] can be leveraged by malicious stakeholders in order to manipulate individuals in a particularly effective manner and at a huge scale. Secondly, they directly amplify the spread of such content.”

Additionally, today’s AI systems are only as good as the data fed into them, which can sometimes result in biased responses that can influence the opinion of users.

How to mitigate the risks

While it is clear that AI has the potential to threaten democracy and elections around the world, it is worth mentioning that AI can also play a positive role in democracy and combat disinformation.

For example, McCluskey stated that AI could be “used to detect and flag disinformation, to facilitate fact-checking, to monitor election integrity,” as well as educate and engage citizens in democratic processes.

“The key,” McCluskey adds, “is to ensure that AI technologies are developed and used responsibly, with appropriate regulations and safeguards in place.”

An example of regulations that can help mitigate AI’s ability to produce and disseminate disinformation is the European Union’s Digital Services Act (DSA).

Related: OpenAI CEO to testify before Congress alongside ‘AI pause’ advocate and IBM exec

When the DSA comes into effect entirely, large online platforms like Twitter and Facebook will be required to meet a list of obligations that intend to minimize disinformation, among other things, or be subject to fines of up to 6% of their annual turnover.

The DSA also introduces increased transparency requirements for these online platforms, which require them to disclose how it recommends content to users — often done using AI algorithms — as well as how it moderate content.

Bontridder and Poullet noted that firms are increasingly using AI to moderate content, which they suggested may be “particularly problematic,” as AI has the potential to over-moderate and impinge on free speech.

The DSA only applies to operations in the European Union; McCluskey notes that as a global phenomenon, international cooperation would be necessary to regulate AI and combat disinformation.

Magazine: $3.4B of Bitcoin in a popcorn tin — The Silk Road hacker’s story

McCluskey suggested this could occur via “international agreements on AI ethics, standards for data privacy, or joint efforts to track and combat disinformation campaigns.”

Ultimately, McCluskey said that “combating the risk of AI contributing to disinformation will require a multifaceted approach,” involving “government regulation, self-regulation by tech companies, international cooperation, public education, technological solutions, media literacy and ongoing research.”

Binance Founder CZ Warns: Receiving Crypto This Way Could Instantly Empty Your Wallet

Bitcoin Proponents Accuse the New York Times of Publishing One-Sided ‘Hit Piece’ on Bitcoin Mining

Bitcoin Proponents Accuse the New York Times of Publishing One-Sided ‘Hit Piece’ on Bitcoin MiningAfter the New York Times was accused of writing favorable pieces about disgraced FTX co-founder Sam Bankman-Fried and inviting him to speak at the news outlet’s Dealbook Summit, it is once again being criticized for publishing a “hit piece” about bitcoin mining. The article’s authors claim that bitcoin mining is harmful to the environment, while […]

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Makerdao Co-Founder Proposes $14 Million Fund to Combat Climate Change; Crypto Supporters Mock Idea

Makerdao Co-Founder Proposes  Million Fund to Combat Climate Change; Crypto Supporters Mock IdeaCryptocurrency advocates have been discussing a proposal by the founder of Makerdao, Rune Christensen, to fund a Scientific Sustainability Fund. An idea that aims to combat climate change and misinformation about energy solutions. Christensen is asking for 20,000 MKR tokens to move forward with the idea. The draft of the Maker Constitution was criticized on […]

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New FTX CEO Discusses Possibility of Rebooting Defunct Crypto Exchange in First Interview Since Taking Over

New FTX CEO Discusses Possibility of Rebooting Defunct Crypto Exchange in First Interview Since Taking OverFollowing recent disclosure that FTX debtors and bankruptcy administrators located $5.5 billion in liquid assets, the new FTX CEO John J. Ray III discussed the business in his first interview since taking over the exchange’s restructuring process. Ray detailed during the interview that he is open to the possibility of reviving the now-defunct digital currency […]

Binance Founder CZ Warns: Receiving Crypto This Way Could Instantly Empty Your Wallet

Poland’s Consumer Protection Agency Opens Case Against Cryptocurrency Exchange

Poland’s Consumer Protection Agency Opens Case Against Cryptocurrency ExchangeThe body ensuring that consumer rights are respected in Poland has initiated proceedings against a crypto exchange falsely claiming to be Polish. The trading platform also misled customers that it was operating with the regulatory approval of the financial authorities in the country. Belize-based Exchange Risks Hefty Fine in Poland for Allegedly Deceiving Crypto Traders […]

Binance Founder CZ Warns: Receiving Crypto This Way Could Instantly Empty Your Wallet

Leaked Documents Show Facebook and Twitter Working Closely With DHS, FBI to Police Disinformation: Report

Leaked Documents Show Facebook and Twitter Working Closely With DHS, FBI to Police Disinformation: ReportThe U.S. Department of Homeland Security (DHS) and the Federal Bureau of Investigation (FBI) are reportedly working closely with major social media platforms, like Facebook and Twitter, to police “disinformation.” Leaked documents further show their plans to expand censorship. Leaked Documents Reveal How Department of Homeland Security Plans to Police Disinformation Leaked documents and court […]

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