A Q2 2024 report from security software company Gen Digital revealed a significant increase in cryptocurrency scams utilizing AI-powered deepfake videos. Gen Digital noted that these criminal organizations mainly distribute their videos on social media platforms such as YouTube, X and TikTok. Scammers also use hacked high-profile social media accounts to conduct live broadcasts to promote their fraud schemes. Gen Digital security expert Siggi Stefnisson warned users that scammers are adept at exploiting current topics of concern among their target groups, including love, financial security and elections. (Cointelegraph)