Deepfake crypto scams cost two Canadians $2.3 million
Two Canadians from Ontario and Charlottetown lost a combined $2.3 million to a deepfake crypto scam.
According to an investigation by W5, Canadians are being heavily targeted by cryptocurrency scams that rely on artificial intelligence. Many victims realize it is a scam only after their life savings are gone.
Crypto scammers target Canadians with deepfake videos
A 51 year old woman from Markham, Ontario, lost $1.7 million, and a man from Prince Edward Island lost $600,000. Both believed they were investing through legitimate crypto platforms.
The Ontario woman said she first saw a video on Facebook that appeared to show Elon Musk speaking about a crypto investment. The video promised fast profits from a small initial deposit. But…
