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Report published on June 10 from Bitgeta
$ 3.54b USD
Slowmist and Elliptic revealed that Fraud in the Crypto Industry is growing and Deepfake technology plays a major role.
In 2024, the total losses of the scraper fraud reached $ 4.6 billion, which is 24% increase compared to the previous year. Nearly 40% of the most serious cases included videos or the sound of DeepfakeIt was often used for a false presentation of famous figures in cryptocurrencies.
In the first few months of 2025, 87 fraud operations that used deep content were extinguished through different parts of Asia. These groups relied on AI tools to create false interviews, announcements and approvals that looked convincing.
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The report violated the crypto fraud into three main categories, Laepfake Lersarations, social manipulation and schemes disguised in decentralized finances (Dead) or Gamefi projects. Deepfakes become harder to discoverespecially as the software used to create them becomes more advanced and widely available.
The authors stated that Stopping these fraud requires both consciousness and action. For companies, this means protecting interior systems, regularly training staff and checking the code of leakage code or data.
GRACY Chen, Executive Director BitgetHe gave three key tips to stay safe, which includes carefully testing information, maintaining high risk activities separately and avoiding hectic decisions. She advised users to check all the information they see through official websites or reliable sources, and not only rely on messages sent in public conversations or social networks answers.
June 5, the Meta Content Review Committee requested that the company removed a Facebook video containing the fake version of Ronald Nazário to promote the game app. Why? Read the whole story.
After a master’s degree in economics, politics and culture of the East Asia region, Aaron wrote scientific papers by analyzing the differences between Western and collective forms of capitalism in the Era after World War II.
Considering the decade of experience in Fintech industry, Aaron understands all the biggest questions and struggles that cryptocurrency lovers face. He is an avid analyst who deals with the content based on data and facts, as well as the one who speaks to the web3 natives and the newcomer in the industry.
Aaron is a person for everyone and for all related to digital currencies. With a huge passion for Blockchain & Web3 education, Aaron tries to transform the space the way we know it and make it more affordable to complete beginners.
Aaron quoted more established outlets and was the author himself. Even during her free time, she enjoys exploring market trends and looking for the next Supernova.
