Crypto impersonation scams grew 1,400% as AI supercharged fraud

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https://thenextweb.com/news/crypto-impersonation-scams-1400-percent-ai-deepfake-fraud

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Crypto impersonation scams grew 1,400% as AI supercharged fraud

Impersonation scams in crypto grew over 1,400% year over year, with AI-linked operations extracting 4.5x the revenue at 9x the activity. Deepfake KYC fraud now costs $20 and defeats liveness checks 58% of the time.

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Crypto impersonation scams grew 1,400% as AI supercharged fraud