🔮Deepfake scams are set to double crypto losses to a whopping $25 billion by 2024, says Bitget Research. With a 245% increase in deep fakes, the crypto industry is seeing a 217% gain in losses compared to Q1 2023. Most losses occur from fake projects, phishing attacks, and Ponzi schemes, where deep fakes are used to gain trust. Bitget CEO Gracy Chen warns, "Deepfakes are moving into the crypto sector in force." The most popular deep fake victim? MicroStrategy's Michael Saylor, who removes around 80 AI-generated fake videos of him daily. Bitget predicts that without effective measures, deep fakes could be used in 70% of crypto crimes by 2026. 😱