The surge in crypto-related fraud is being fueled by the rise of artificial intelligence, particularly through the use of deepfake technology. A recent report co-authored by Bitget, SlowMist, and Elliptic revealed that in the first quarter of 2025, 87 scam rings utilizing AI-generated deepfakes were dismantled. The report also highlighted a 24% increase in crypto scams amounting to $4.6 billion in 2024, with nearly 40% involving deepfake technologies. Scammers are employing sophisticated impersonations of public figures to deceive users, making detection increasingly challenging. The report outlined three main categories of modern crypto scams: AI-generated deepfake impersonations, social engineering schemes, and Ponzi-style frauds disguised as DeFi or GameFi projects. As deepfake scams become more convincing, experts emphasize the importance of education, vigilance, and implementing strong security measures to combat these fraudulent activities. Read more AI-generated news on: https://app.chaingpt.org/news

#AI