stable coins
By Sakamoto Nashi
1 / 15
Six Weeks, 600,000 Calls, $13 Million Saved. The numbers get pretty wild fast. In the six weeks leading up to the end of 2025, Apate's bots ran…
2 / 15
Crypto Wallets, Indian Bank Accounts, and Intelligence That Actually Matters. The phone-wasting part is almost the least interesting thing Apate does.
3 / 15
A $1.24 Trillion Industry That Isn't Slowing Down. The scale of what Apate is fighting is genuinely staggering.
4 / 15
Scammers are losing. Not to cops, not to regulators — to bots that pretend to be gullible grandmothers and lonely retirees, burning through fraudsters' time while quietly…
5 / 15
Australian tech firm Apate has built a fleet of 197,000 AI personas — each with a distinct voice, a distinct backstory, a distinct way of stumbling over words — and deployed them…
6 / 15
The numbers get pretty wild fast. In the six weeks leading up to the end of 2025, Apate's bots ran 600,000 scam calls on behalf of TPG, an Australian telecom provider.
7 / 15
Founder Dali Kaafar didn't start with 197,000 bots. He started with 120 AI personas back in 2021, after a personal run-in with a scammer pushed him to do something about it.
8 / 15
Apate now works with clients in Australia, Asia, Africa, and Europe. Banks and telecom companies are the main customers.
9 / 15
The phone-wasting part is almost the least interesting thing Apate does. What's more valuable is the intelligence the bots pull out of scammers mid-conversation.
10 / 15
And it's not just wallets. Apate's bots have uncovered a marketplace offering verified Indian bank accounts, with commissions paid to brokers for scams — those commissions…
11 / 15
See also: MoonPay Brings Ethereum and Solana to Cash Apps 50 Million Users
12 / 15
Scammers themselves are starting to use AI now. That's the uncomfortable part. Apate knows it.
13 / 15
The company's funding includes support from the Office of National Intelligence, which gives a sense of how seriously governments are starting to take this kind of counter-fraud…
14 / 15
The scale of what Apate is fighting is genuinely staggering. The global scam industry is worth an estimated $1.24 trillion — bigger than most national economies, and growing.
15 / 15
Apate's bots extend across messaging platforms, not just phone calls. WhatsApp and Telegram are active theaters.
The Currency Analytics
Want the full story?