AI Deepfakes Drove 40% of High-Value Crypto Fraud Last Year: Report

Ai-Generated Deepfake Imperations Government officials, billionaires and celebrities made up 40% of “high-value fraud” in 2024, and Bitget report discovered.

In the same year, $ 4.6 billion in cryptocurrencies was lost due to fraud, which is an increase of 24% compared to the previous year, a Bitet report against Skama 2025-CO-Autorski with Slowmist and Elliptic.

“Crypto frauds have entered a new era – guided Ai Deepfakes, Social Engineering and a deceptive project facade,” the report said. “Deceives now exploit confidence and psychology as technology. From taking over the wallets to multimillion -dollar frauds, attacks become more personalized, more credible and harder to discover.”

The “frequent” Deepfake, which, according to the report, appeared, was presented by Tesla CEO Elon Musk, who inserted false investment or gift scheme. Other uses for Deepfakes include bypass Checking your customer’s knowledgeCreating virtual identities for conducting investment frauds and carrying out false attacks of false thefts.

IN A deception to zoom See the fraudsters falsely represent executives, experts and journalists –including Decipher journalists“For a victim on a fake video call. This can see how the attacker offers a victim of a job or asking to interview them for a non -existent article. During the false call for zoom, the attackers can obtain control of the victim’s computer, steal data and potentially approach private crypto keys.

Bitget reports that in some cases the attackers use Deepfake tools for generating video and audio content to cheat on the victim to join the call.

Many of these deepfake frauds are not new; and Elon Musk fraud first became viral In 2022, however, by fast acceleration of artificial intelligence, Deepfakes began to look real. So much so that President Trump signed a two -party Record that act Last month who protected the victims of Deepfake pornography – although Deepfakes are not yet forbidden.

In May, actor Jamie Lee Curtis called Meta CEO Mark Zuckerberg After discovering a false Ai-ratio advertisement by promoting the product without its consent.

“The biggest threat to the crypto is not volatility today – it is a deception,” said Bitgeta Gracy Chen CEO, UA release. “Ai made fraud faster, cheaper and harder to discover.”

Outside of Deepfakes, social engineering and modern ponzi schemes were classified as second and third as the “most dangerous” fraud of reports.

By definition, fraud with social engineering exploits the psychology of victims in a method that is “low -tech and yet very effective,” the report said. One of the most common examples is The muzzle of the butcherAlso called a romantic fraudwho sees the striker developing a relationship with the victim solely to cheat them.

As for the Ol ‘Classic Ponzi Scheme – Called early 20th century fraud Charles Ponzi– The report claims that the fraud has gone through “digital evolution.”

“These frauds are usually disguised in new concepts such as Dead, NFTS and Gamefi, packaged as a collection of funds for projects, liquidity mining or platform token,” the report said. “Basically, they remain classic Ponzi schemes in which” new money fills old holes. “Once the cash flow breaks or operators are brought and out, the whole system crashes quickly.”

The report notes an increase in the Ponzi schemes that adopt “user interfaces like games” and use Deepfakes to create approval from celebrities to increase credibility in the scheme. AI revolutionized the fraud industry, resulting in a very different landscape than just a few years ago.

“Five years ago, avoiding fraud meant” no click suspicious relationships “,” the report ended. “Today is” don’t believe your own eyes. “

Edited by James Rubin