Crypto losses due to deep fake scams are projected to surpass $25 billion in 2024, more than doubling last year’s losses, according to Bitget Research. In a June 27 report, Bitget noted a 245% increase in deep fakes worldwide, based on earlier Sumsub research data. The report identified China, Germany, Ukraine, the United States, Vietnam, and the United Kingdom as having the highest occurrences of deep fakes in the first quarter of 2024. The crypto industry alone saw a 217% increase in deep fake incidents compared to Q1 2023. Bitget reported that the rise in deep fakes led to $6.3
