AI-powered deepfake scams targeting crypto wallets are rising, with experts warning of evolving threats and urging users to protect their digital assets.
As artificial intelligence-powered deepfake scams become more prevalent, security firms warn that the attack method could extend beyond video and audio.
On Sept. 4, software firm Gen Digital reported that malicious actors using AI-powered deepfake scams to defraud crypto holders have ramped up operations in the second quarter of 2024.
The company said that the scammer group called “CryptoCore” had already scammed over $5 million in crypto using AI deepfakes.
