Sumsub CEO warns AI fraud is outpacing crypto

Crypto compliance demand is surging as AI fraud evolves faster than firms can respond, Sumsub CEO Andrew Sever says. Summary Sumsub CEO Andrew Sever told Consensus Miami that sophisticated AI fraud attacks on crypto firms increased 180% year over year. Only 23% of crypto companies are ready to comply with new identity and fraud rules,…

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Bitcoin Pulls In $706M as Traders Abandon Short Positions in Massive Sentiment Shift

While Bitcoin dominated headlines, Solana and XRP investment products also recorded sharp increases in activity. Digital asset investment products posted inflows of $857.9 million, and extended six straight weeks of positive flows – the highest weekly figure since April 24. CoinShares stated that the increase is likely tied to improving sentiment around the CLARITY…

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