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.
![image Weatherly](https://image.coinlive.com/24x24/cryptotwits-static/44087e28fb7be2d6274ee0b780990a1d.png)