The post Crypto Losses To Hit $25B Next Year Due To Deepfake: Bitget appeared first on Coinpedia Fintech News
According to Bitget Research’s latest findings, there is a staggering rise in cryptocurrency losses due to deepfake technology which is set to exceed $25 billion next year. The report highlighted a 245% surge in global deep fakes this year alone. The crypto sector saw a 217% increase in losses due to deepfakes in Q1 2024, totaling $6.3 billion. China, Germany, Ukraine, the USA, Vietnam, and the UK faced the highest incidents of deepfake scams in early 2024. Bitget predicts deepfakes could constitute 70% of all crypto-related crimes by 2026 if no effective countermeasures are taken.