Deepfake Crypto Scams Are Getting Smarter — And Harder to Catch

AI deepfake scams are a rising threat in the crypto industry. In a recent case, hackers managed to steal $2 million by impersonating the founder of Plasma, a specialized stablecoin blockchain, and using fake audio to reassure the target into downloading dangerous malware.

Additionally, AI coding is enabling low-skill attackers to craft sophisticated protocols for their crimes.

AI is Making Crypto Scams Easier Than Ever Before

With the heightened level of crypto crime right now, sophisticated fraud and scams are on the rise. Criminals are already employing enhanced social engineering to defraud users, but AI solutions have opened a new attack vector.

Specifically, hackers are using AI deepfakes to run these scams, managing to defraud prominent targets.