Slovak Central Bank warns of AI-generated crypto fraud websites
The Slovak National Bank identified multiple cryptocurrency investment websites displaying signs of AI-generated content that operate without authorization. The regulator warned consumers that such unauthorized platforms pose significant fraud risk and advised verifying provider credentials before transacting.
What happened
The Slovak National Bank (NBS) warned on 24 March 2026 of multiple websites offering cryptocurrency investment services or related activities that show signs of being generated by artificial intelligence.
None of the websites in the NBS warning list had authorization to conduct such activities in Slovakia. The NBS stated the list may not be complete and similar websites could emerge in various forms in the future.
Reported impact
Users of unauthorized cryptocurrency service providers face significant risk, according to the NBS. The central bank noted that frequent fraud is a common risk in cryptocurrency investment.
The NBS advised consumers to verify the authorization status of any entity through which they transact using the registry available on the NBS website.
Index analysis
The websites showed characteristics of AI-generated content, though the specific nature of the AI generation—whether affecting website design, content, or user interface elements—was not detailed in the NBS warning.
Governance controls
The NBS publishes recommendations and guidance on the NBS website for defending against cryptocurrency fraud. Only authorized cryptocurrency service providers with NBS permission or authorization from the regulatory authority of another EU member state may legally provide such services in Slovakia.
The NBS stated that financial market oversight is confidential by law and therefore does not publish results of conducted oversight. The bank encourages consumers to file criminal reports with the police or prosecutor's office if they suspect criminal activity.
Classification
Sources and evidence
Sources not yet published
This record was researched and written by the Index from original reporting. Its sources are still being verified by an editor, and they are listed here once that check is complete. Until then the record carries no reviewer.