87 deepfake scam rings taken down across Asia in Q1 2025: Bitget report
The Bitget report highlights the severity of deepfake scams, urging both individuals and organizations to adopt more stringent preventive measures.
The rise of AI technology has also fueled a surge in AI-enabled fraud. In Q1 2025 alone, 87 deepfake-driven scam rings were dismantled. This alarming statistic, revealed in the 2025 Anti-Scam Month Research Report co-authored by Bitget, SlowMist, and Elliptic, underscores the growing danger of AI-driven scams in the crypto space.
The report also reveals a 24% year-on-year increase in global crypto scam losses, reaching a total of $4.6 billion in 2024. Nearly 40% of high-value fraud cases involved deepfake technologies, with scammers increasingly using sophisticated impersonations of public figures, founders, and platform executives to deceive users.
Related: How AI and deepfakes are fueling new cryptocurrency scams
