Polygon Co-Founder Warns of AI-Driven Scams Targeting Crypto Startups

According to PANews, Polygon's co-founder Sandeep Nailwal has recently revealed that scammers are using AI technology to create fake video representations of him to deceive crypto industry startups. The fraudsters initially hacked the Telegram account of Polygon Ventures head Shreyansh Singh and then contacted startups within the ecosystem under the guise of investment discussions, luring victims into Zoom meetings. During these meetings, the scammers used AI-generated images of Nailwal, Singh, and fictitious team members without audio interaction, and tricked participants into installing malicious software development kits. Nailwal noted that several entrepreneurs have approached him to verify the authenticity of these meetings. He advised community members to refrain from installing unfamiliar software during unsolicited interactions and emphasized the importance of operational protocols. He urged crypto users to separate wallet signing activities from everyday device usage, stating, "These attack methods are becoming increasingly sophisticated, so the best practice is to use a dedicated laptop solely for wallet signing operations and absolutely not use it for anything unrelated to wallets."