Rising Deepfake Crypto Scams: $79.1B in Losses Since 2022, $25.13B Projected for 2024 – Should Deepfakes Be Illegal?
Deepfake technology is increasingly used in cryptocurrency scams, impersonating figures like Elon Musk and Lee Hsien Loong to deceive users, resulting in over $79 billion in losses since 2022. This poses a significant threat to financial security and public trust.
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