* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Thursday, October 2, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Toni Braxton Is Turning Her Biggest Hits Into Lifetime Movies – Yahoo

    Toni Braxton Is Turning Her Biggest Hits Into Lifetime Movies – Yahoo

    Major airline to offer new in-flight entertainment options for passengers – PennLive.com

    Major airline to offer new in-flight entertainment options for passengers – PennLive.com

    Penn State-Themed Restaurant and Entertainment Spot Happy Valley Live Set to Open in State College – StateCollege.com

    Penn State-Themed Restaurant and Entertainment Spot Happy Valley Live Set to Open in State College – StateCollege.com

    The Police Made Chart History With This 1979 Hit Nearly 50 Years Ago – Yahoo

    How The Police Changed Music Forever with Their Iconic 1979 Hit Nearly 50 Years Ago

    Good Deed Entertainment Acquires Worldwide Rights To Liza Mandelup’s Documentary ‘Caterpillar’ – Deadline

    Good Deed Entertainment Lands Global Rights to Liza Mandelup’s Captivating Documentary ‘Caterpillar

    Danielle Fishel Explains Why Being on “DWTS” Makes Her Feel ‘Like It’s 1994 Again’ Filming “Boy Meets World” (Exclusive) – Yahoo

    Danielle Fishel Explains Why Being on “DWTS” Makes Her Feel ‘Like It’s 1994 Again’ Filming “Boy Meets World” (Exclusive) – Yahoo

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    A Tech Expo Shows What China Can Make, but Not Who’ll Buy It All – The New York Times

    Inside China’s Tech Expo: Cutting-Edge Innovations Face Uncertain Demand

    Steampunk Metal Oval Technology Sense Sunglasses Personality Handmade Chain Multicolor Sunglasses UV400 – The San Joaquin Valley Sun

    Steampunk Metal Oval Sunglasses with Handmade Multicolor Chain – Bold UV400 Protection and Unique Style

    STELLA Automotive AI Appoints Fred Seidelman as Chief Technology Officer – Yahoo Finance

    STELLA Automotive AI Appoints Fred Seidelman as New Chief Technology Officer

    Saving Energy and Money with Smart Technology – Terms of Service with Clare Duffy – Podcast on CNN Podcasts – CNN

    Saving Energy and Money with Smart Technology – Terms of Service with Clare Duffy – Podcast on CNN Podcasts – CNN

    Four Strategic Signals Technology Leaders Are Tuning In To – SPONSOR CONTENT FROM ARM – Harvard Business Review

    Four Essential Strategic Signals Every Technology Leader Should Watch

    Virginia Tech hosts annual New Music + Technology Festival this week – Cardinal News

    Virginia Tech Kicks Off Exciting Annual New Music and Technology Festival This Week

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Toni Braxton Is Turning Her Biggest Hits Into Lifetime Movies – Yahoo

    Toni Braxton Is Turning Her Biggest Hits Into Lifetime Movies – Yahoo

    Major airline to offer new in-flight entertainment options for passengers – PennLive.com

    Major airline to offer new in-flight entertainment options for passengers – PennLive.com

    Penn State-Themed Restaurant and Entertainment Spot Happy Valley Live Set to Open in State College – StateCollege.com

    Penn State-Themed Restaurant and Entertainment Spot Happy Valley Live Set to Open in State College – StateCollege.com

    The Police Made Chart History With This 1979 Hit Nearly 50 Years Ago – Yahoo

    How The Police Changed Music Forever with Their Iconic 1979 Hit Nearly 50 Years Ago

    Good Deed Entertainment Acquires Worldwide Rights To Liza Mandelup’s Documentary ‘Caterpillar’ – Deadline

    Good Deed Entertainment Lands Global Rights to Liza Mandelup’s Captivating Documentary ‘Caterpillar

    Danielle Fishel Explains Why Being on “DWTS” Makes Her Feel ‘Like It’s 1994 Again’ Filming “Boy Meets World” (Exclusive) – Yahoo

    Danielle Fishel Explains Why Being on “DWTS” Makes Her Feel ‘Like It’s 1994 Again’ Filming “Boy Meets World” (Exclusive) – Yahoo

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    A Tech Expo Shows What China Can Make, but Not Who’ll Buy It All – The New York Times

    Inside China’s Tech Expo: Cutting-Edge Innovations Face Uncertain Demand

    Steampunk Metal Oval Technology Sense Sunglasses Personality Handmade Chain Multicolor Sunglasses UV400 – The San Joaquin Valley Sun

    Steampunk Metal Oval Sunglasses with Handmade Multicolor Chain – Bold UV400 Protection and Unique Style

    STELLA Automotive AI Appoints Fred Seidelman as Chief Technology Officer – Yahoo Finance

    STELLA Automotive AI Appoints Fred Seidelman as New Chief Technology Officer

    Saving Energy and Money with Smart Technology – Terms of Service with Clare Duffy – Podcast on CNN Podcasts – CNN

    Saving Energy and Money with Smart Technology – Terms of Service with Clare Duffy – Podcast on CNN Podcasts – CNN

    Four Strategic Signals Technology Leaders Are Tuning In To – SPONSOR CONTENT FROM ARM – Harvard Business Review

    Four Essential Strategic Signals Every Technology Leader Should Watch

    Virginia Tech hosts annual New Music + Technology Festival this week – Cardinal News

    Virginia Tech Kicks Off Exciting Annual New Music and Technology Festival This Week

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

$79.1 Billion Lost in Two Years to Deepfake Scams

June 30, 2024
in Business
$79.1 Billion Lost in Two Years to Deepfake Scams
Share on FacebookShare on Twitter

Bitget Research’s recent report highlighted a dramatic rise in scams featuring deepfake technology. According to their data, malicious technology use jumped 245% in 2024 alone.

These scams, usually leveraging fake celebrity endorsements, have become increasingly sophisticated, targeting unsuspecting investors and causing significant financial damage.

Deepfake Scams Caused $79.1 Billion Loss

Deepfake technology, which manipulates photos and videos to create hyper-realistic fake content, has been weaponized to promote fraudulent schemes. According to the report, users have lost $79.1 billion to cyberattacks involving deepfakes since the beginning of 2022.

The losses are increasing each year, with a significant surge in 2024, where the amount more than doubled, rising by 245%. Bitget estimates that potential damage from deepfake scams could reach $10 billion per quarter by 2025. 

“Deepfakes are moving into the crypto sector in force and there is little we can do to stop them without proper education and awareness. The vigilance of the users and their ability to discern scams and fraud from real offerings is still the most effective line of defence against such crimes, until a comprehensive legal and cybersecurity framework is in place on a global scale,” said Gracy Chen, the CEO at Bitget, commenting on the figures outlined in the report.

Read more: Crypto Social Media Scams: How to Stay Safe

Experts have identified several key methods of using deepfakes in the crypto industry. These include:

Social Engineering. Fraudsters impersonate famous people or employees of large companies to trick users into transferring cryptocurrency to them.
Bots. Deepfakes create fake accounts on social media and other platforms, which then spread misinformation and advertise fraudulent crypto projects.
Market Manipulation. Scammers use deepfakes to spread false news and rumors that can influence market prices.
Investment Fraud. Attackers create videos and presentations with deepfakes to attract funds to fraudulent projects.

Among these methods, social engineering and bot fraud accounted for 14.21% of all deepfake crimes in the first quarter of 2024. Analysts estimate the losses from these methods at $2.03 billion. If authorities do not take effective measures, the number of incidents involving malicious technology in the crypto industry could increase by 70% by early 2026.

An Ongoing Trend

The rise in deepfake technology has coincided with the growing popularity of celebrity tokens. Over the past couple of months, dozens of new meme coins have been launched, featuring both real celebrities and impersonators behind them.

Tokens such as JENNER, ZUMI, RICH, DOLL, and others have sparked intense debate within the crypto community, raising concerns about market manipulation, fraud, and the ethical implications of leveraging celebrity influence in cryptocurrency promotions.

Well-known entrepreneurs are frequent targets of scammers. On June 23, a five-hour YouTube Live broadcast featuring a deepfake of Elon Musk promoted a cryptocurrency scam, continuing the trend of similar fraudulent streams.

A deepfake live stream of Elon Musk promoting a crypto giveaway scam is currently live on YouTube with around 30,000 viewers. It’s funny how YouTube isn’t doing anything about it. pic.twitter.com/xIfQVkdgM2

— sid (@immasiddtweets) June 23, 2024

The now-removed video claimed to show a live Tesla event, using an AI-generated version of Musk’s voice to lure viewers to a website. The fake Musk urged viewers to deposit Bitcoin (BTC), Ethereum (ETH), or Dogecoin (DOGE) for a supposed giveaway, promising to “automatically send back double the amount.”

The stream attracted over 30,000 viewers at its peak, though bot inflation cannot be ruled out. It topped YouTube’s Live Now recommendations. The channel, @elon.teslastream, had the Official Artist Channel verification badge, suggesting a possible account compromise.

Read more:  Crypto Scam Projects: How To Spot Fake Tokens

Cryptocurrency users should be extremely vigilant and not trust everything they see online, especially on social media platforms like X, Instagram, and others, which are the primary channels for spreading deepfakes. Experts urge everyone to verify information and use only reliable sources carefully. Additionally, using two-factor authentication (2FA) is crucial, especially for accounts related to crypto.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : BeingCrypto – https://beincrypto.com/79-billion-lost-to-deepfake-crypto-scams/

Tags: billionbusinessYears
Previous Post

The Biggest Crypto Predictions for July 2024

Next Post

Taylor Swift Reportedly Wore a Diamond Tribute to Travis Kelce During Her Latest Eras Tour Performance

Alabama man earns world record for 3-foot, 6-inch beard locks – upi.com

Alabama man earns world record for 3-foot, 6-inch beard locks – upi.com

October 2, 2025
How Trump could use a government shutdown to turbocharge his economic agenda – Yahoo Finance

How Trump could use a government shutdown to turbocharge his economic agenda – Yahoo Finance

October 2, 2025
Toni Braxton Is Turning Her Biggest Hits Into Lifetime Movies – Yahoo

Toni Braxton Is Turning Her Biggest Hits Into Lifetime Movies – Yahoo

October 2, 2025
Reproductive Health Emergency Kits To Be Distributed Saturday At Jacksonville Really Really Free Market – Center for Biological Diversity

Reproductive Health Emergency Kits To Be Distributed Saturday At Jacksonville Really Really Free Market – Center for Biological Diversity

October 2, 2025
Times/Siena Survey: Americans Worry Divisions Cannot Be Overcome – The New York Times

Americans Fear Deep Divisions May Be Impossible to Overcome

October 2, 2025
Oak Ridge Reservation Set for $42M Ecological Restoration, Balancing – Hoodline

Oak Ridge Reservation to Undergo $42M Ecological Restoration and Balancing Effort

October 2, 2025
Mayor green lights Science Center development; residents call it ‘giant win’ for St. Pete – WFLA

Mayor green lights Science Center development; residents call it ‘giant win’ for St. Pete – WFLA

October 2, 2025
A ‘Great Wave’ is rippling through our galaxy, pushing thousands of stars out of place – Live Science

A ‘Great Wave’ is rippling through our galaxy, pushing thousands of stars out of place – Live Science

October 2, 2025
These are the best breweries in New Jersey, according to recent online ranking – Yahoo

These are the best breweries in New Jersey, according to recent online ranking – Yahoo

October 2, 2025
A Tech Expo Shows What China Can Make, but Not Who’ll Buy It All – The New York Times

Inside China’s Tech Expo: Cutting-Edge Innovations Face Uncertain Demand

October 2, 2025

Categories

Archives

October 2025
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
2728293031  
« Sep    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (847)
  • Economy (868)
  • Entertainment (21,742)
  • General (17,369)
  • Health (9,911)
  • Lifestyle (881)
  • News (22,149)
  • People (870)
  • Politics (879)
  • Science (16,078)
  • Sports (21,368)
  • Technology (15,851)
  • World (851)

Recent News

Alabama man earns world record for 3-foot, 6-inch beard locks – upi.com

Alabama man earns world record for 3-foot, 6-inch beard locks – upi.com

October 2, 2025
How Trump could use a government shutdown to turbocharge his economic agenda – Yahoo Finance

How Trump could use a government shutdown to turbocharge his economic agenda – Yahoo Finance

October 2, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version