Reports from Bitget Research suggest that losses from crypto-related deep fakes could surge to $25 billion in 2024, highlighting a pressing issue for the digital finance sector. This article delves into the mechanisms of deep fakes, their impact on the cryptocurrency industry, and efforts to mitigate these risks.

The Proliferation of Deep Fakes in Crypto

Deep fakes, AI-generated media that convincingly mimic real individuals, have seen a staggering 245% increase globally in 2024, according to Bitget’s latest findings.&middot

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