Rising Losses from Romance Fraud in the UK
- Surge in Losses: According to City of London Police data, romance fraud losses exceeded £102 million in 2024, marking a 29% increase from the previous year, indicating a rapid escalation of this crime type and significant financial strain on victims.
- Evolving Scam Tactics: Romance fraud typically begins on social media or dating sites, where criminals build trust using fake identities before inducing repeated payments under the guise of emergencies or investment opportunities, with individual losses reaching as high as £1 million.
- Impact of AI: Investigators report widespread use of artificial intelligence in romance fraud, including AI-generated profile images and automated messages, which facilitate the scaling of scams, allowing a single operator to manage multiple victims simultaneously and increasing the complexity of the fraud.
- Detection Challenges: Financial institutions struggle to identify romance fraud as victims often authorize payments themselves, and traditional fraud detection systems may overlook behavioral warning signs, leading to victims sending large sums before realizing the fraud.
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Technical Analysis for AI
Technical Sentiment Analysis for Sleepless AI (AI). As of , Sleepless AI (AI) is exhibiting a Strong buy technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 4 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for AI stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, AI is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Sleepless AI (AI) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00072 | 0.00876 | 0.0155 | 0.0236 | 0.0303 | 0.0384 | 0.0451 |
| Fibonacci | 0.00876 | 0.0144 | 0.0179 | 0.0236 | 0.0292 | 0.0327 | 0.0384 |
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