#DeepSeekImpact Deepfake technology is 🔥 impacting the cryptocurrency market, primarily through sophisticated scams and fraudulent activities. 😨💰

Scammers use deepfakes to impersonate influential figures, like Elon Musk, 🚀 to promote fraudulent cryptocurrency schemes. 🤯 These hyper-realistic fakes often mislead investors into transferring funds to scammers. 🚩

A report by Bitget suggests deepfakes could account for up to 70% of crypto-related crimes by 2026, 📉 with losses already exceeding $79.1 billion since 2022. 💸 The report emphasizes the rise of deepfake scams, identity theft, and social engineering in the crypto world. ⚠️

The financial sector is seeing a 780% increase 📊 in deepfake incidents, posing massive challenges to fraud detection and system security. 🔒

On the market side, Bitcoin (BTC) 💎 briefly dipped below $100,000 recently, affected by a broader tech selloff. 📉 However, it is trading at approximately $102,692 today 📈 with slight recovery. 📊

🚨 With these risks, staying vigilant, double-checking identities, and adopting secure platforms is more crucial than ever! 💻🔑