Criminals are using deep fakes more than ever, causing $79.1 billion in losses since 2022.
Crypto losses to deep fake tricks and scams are set to reach over $25 billion in 2024 — more than doubling last year’s losses, according to Bitget Research.
The crypto exchange noted a 245% increase in the number of deep fakes worldwide in 2024 in a June 27 report, drawing from earlier Sumsub research data.
Bitget found that China, Germany, Ukraine, the United States, Vietnam and the United Kingdom had the most deep fakes detected in the first quarter of 2024, while the crypto industry saw a 217% gain compared to Q1 2023.
