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Deepfake scams cost $200M: A threat we can’t ignore

The following is a guest post and opinion of Ken Jon Miyachi , Co-Founder of Bitmind.

According to the “Q1 2025 Deepfake Incident Report,” 163 deepfake scammers took more than $200 million from victims in the first four months of 2025. It’s not simply an issue for the rich or famous; it’s impacting regular folks just as much. Deepfake frauds are no longer a little problem.

Deepfakes used to be a fun way to make viral videos, but now criminals use them as weapons. Scammers use artificial intelligence to make phony voices, faces, and sometimes whole video calls that are so convincing they deceive consumers into giving them money or private information.

Surge in Scams

The survey says that 41% of these scams target famous people and politicians, while 34% target regular people. That means that you, your parents, or your neighbor could be next. The emotional damage is worse than the monetary damage. You feel violated, betrayed, or helpless.

For instance, in February 2024, a company lost $25 million in one scam. Using a deepfake video discussion, hackers purported to be the company’s chief financial officer and demanded wire transfers to fake accounts straight away. The worker sent the money since they thought they were doing what they were told.

It wasn’t until they called the corporate office that they realized the call was bogus. This wasn’t simply one thing that took place. Similar techniques have hurt engineering, computer, and even cybersecurity organizations. If smart people can be fooled, how can the rest of us stay safe without better defenses?

Its Impact

The technology used in these scams is quite scary. Scammers may copy someone’s voice with 85% accuracy using only a few seconds of audio, as from a YouTube video or a social media post. It’s much tougher to tell if a video is phony; 68% of individuals can’t tell the difference between fake and actual material.

Criminals search the internet for things to use to make these fakes, and they use our own posts and videos against us. Think about how a scammer may use a recording of your voice to get your family to send them money or a false video of a CEO directing a huge transfer. These things are not just science fiction; they are happening right now.

There is more damage than just money. The survey says that 32% of deepfake cases involved explicit content, and they commonly target people to humiliate or blackmail them. 23% of the crimes are financial fraud, 14% are political manipulation, and 13% are disinformation.

These scams make it hard to believe what we read and hear online. Imagine getting a call from a loved one who needed help, only to find out it was a scam. Or a fake seller who steals all of a small business owner’s money. There are more and more of these stories, and the stakes are getting higher.

So, what can we do? It begins with educating oneself. Companies can show their employees how to spot warning signs, like video conversations that seek money straight away. A fraud can be avoided by basic tests like asking someone to move their head in a certain way or answer a personal question. Companies should also limit how much high-quality media of their CEOs is available to the public and add watermarks to videos to make them harder to misuse.

Everyone’s a Target

It is really important for people to be vigilant. Be careful what you put online. Scammers can use any audio or video recording you post as a weapon. If you get an odd request, don’t do anything immediately. You can either call the person again on a number you trust or check in another method. Efforts to raise public awareness can help stop bad behaviors, especially among groups who are more prone to be affected, such as elders who may not understand the effects. Media literacy isn’t just a trendy word; it’s a shield.

Governments also have a role to play. The Resemble AI study suggests that all countries should have the same laws that define what deepfakes are and how to punish them. New U.S. laws say that social media sites have to take down explicit deepfake content within 48 hours.

First Lady Melania Trump, who has talked about how it affects young people, was one of the persons who pushed for this. But laws by themselves aren’t enough. Scammers operate in a lot of different countries, and it’s not always easy to detect them. It could be a good idea to set worldwide criteria for watermarking and content authentication, but first, IT companies and governments need to agree on them.

There isn’t much time left. By 2027, deepfakes are expected to cost the U.S. $40 billion, with a growth rate of 32% each year. In North America, these scams rose by 1,740% in 2023, and they are still rising. But we can change it.

We can fight back using smart technology—such as systems that can detect deepfakes in real time—as well as better regulations and good practices. It’s about getting back the trust we used to have in the digital world. The next time you get a video call or hear someone you know ask for money, take a big breath and check again. It’s worth it for your peace of mind, your money, and your good name.

The post Deepfake scams cost $200M: A threat we can’t ignore appeared first on CryptoSlate.

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  • 14.10.25 08:46 robertalfred175

    CRYPTO SCAM RECOVERY SUCCESSFUL – A TESTIMONIAL OF LOST PASSWORD TO YOUR DIGITAL WALLET BACK. My name is Robert Alfred, Am from Australia. I’m sharing my experience in the hope that it helps others who have been victims of crypto scams. A few months ago, I fell victim to a fraudulent crypto investment scheme linked to a broker company. I had invested heavily during a time when Bitcoin prices were rising, thinking it was a good opportunity. Unfortunately, I was scammed out of $120,000 AUD and the broker denied me access to my digital wallet and assets. It was a devastating experience that caused many sleepless nights. Crypto scams are increasingly common and often involve fake trading platforms, phishing attacks, and misleading investment opportunities. In my desperation, a friend from the crypto community recommended Capital Crypto Recovery Service, known for helping victims recover lost or stolen funds. After doing some research and reading multiple positive reviews, I reached out to Capital Crypto Recovery. I provided all the necessary information—wallet addresses, transaction history, and communication logs. Their expert team responded immediately and began investigating. Using advanced blockchain tracking techniques, they were able to trace the stolen Dogecoin, identify the scammer’s wallet, and coordinate with relevant authorities to freeze the funds before they could be moved. Incredibly, within 24 hours, Capital Crypto Recovery successfully recovered the majority of my stolen crypto assets. I was beyond relieved and truly grateful. Their professionalism, transparency, and constant communication throughout the process gave me hope during a very difficult time. If you’ve been a victim of a crypto scam, I highly recommend them with full confidence contacting: 📧 Email: [email protected] 📱 Telegram: @Capitalcryptorecover Contact: [email protected] 📞 Call/Text: +1 (336) 390-6684 🌐 Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

  • 15.10.25 18:07 crypto

    Cryptocurrency's digital realm presents many opportunities, but it also conceals complex frauds. It is quite painful to lose your cryptocurrency to scam. You can feel harassed and lost as a result. If you have been the victim of a cryptocurrency scam, this guide explains what to do ASAP. Following these procedures will help you avoid further issues or get your money back. Communication with Marie ([email protected] and WhatsApp: +1 7127594675) can make all the difference.

  • 15.10.25 21:52 harristhomas7376

    "In the crypto world, this is great news I want to share. Last year, I fell victim to a scam disguised as a safe investment option. I have invested in crypto trading platforms for about 10yrs thinking I was ensuring myself a retirement income, only to find that all my assets were either frozen, I believed my assets were secure — until I discovered that my BTC funds had been frozen and withdrawals were impossible. It was a devastating moment when I realized I had been scammed, and I thought my Bitcoin was gone forever, Everything changed when a close friend recommended the Capital Crypto Recover Service. Their professionalism, expertise, and dedication enabled me to recover my lost Bitcoin funds back — more than €560.000 DEM to my BTC wallet. What once felt impossible became a reality thanks to their support. If you have lost Bitcoin through scams, hacking, failed withdrawals, or similar challenges, don’t lose hope. I strongly recommend Capital Crypto Recover Service to anyone seeking a reliable and effective solution for recovering any wallet assets. They have a proven track record of successful reputation in recovering lost password assets for their clients and can help you navigate the process of recovering your funds. Don’t let scammers get away with your hard-earned money – contact Email: [email protected] Phone CALL/Text Number: +1 (336) 390-6684 Contact: [email protected] Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

  • 15.10.25 21:52 harristhomas7376

    "In the crypto world, this is great news I want to share. Last year, I fell victim to a scam disguised as a safe investment option. I have invested in crypto trading platforms for about 10yrs thinking I was ensuring myself a retirement income, only to find that all my assets were either frozen, I believed my assets were secure — until I discovered that my BTC funds had been frozen and withdrawals were impossible. It was a devastating moment when I realized I had been scammed, and I thought my Bitcoin was gone forever, Everything changed when a close friend recommended the Capital Crypto Recover Service. Their professionalism, expertise, and dedication enabled me to recover my lost Bitcoin funds back — more than €560.000 DEM to my BTC wallet. What once felt impossible became a reality thanks to their support. If you have lost Bitcoin through scams, hacking, failed withdrawals, or similar challenges, don’t lose hope. I strongly recommend Capital Crypto Recover Service to anyone seeking a reliable and effective solution for recovering any wallet assets. They have a proven track record of successful reputation in recovering lost password assets for their clients and can help you navigate the process of recovering your funds. Don’t let scammers get away with your hard-earned money – contact Email: [email protected] Phone CALL/Text Number: +1 (336) 390-6684 Contact: [email protected] Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

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