Efforts on the international level have been made to address deepfake use. According to a report by an exchange, quarterly losses from deepfakes could reach around $10 billion by 2025, with an estimated $25.13 billion in losses by the end of 2024.
Furthermore, the report projects a 70% surge in crypto deepfake crimes by early 2026. Bitget’s analysts have warned about the potential for continued financial losses from deepfakes without regulatory intervention.
They emphasize that this trend poses a significant threat to both the cryptocurrency sector and the broader financial industry.
