Deepfake Scams in Crypto: What You Need to Know
Deepfake scams are on the rise in cryptocurrency, and it’s getting out of hand. With the impersonation of Ripple CEO Brad Garlinghouse making waves, investors need to stay alert. This article will delve into how these scams affect investor psychology, the current regulatory landscape, and what you can do to protect your investments.
The Psychological Toll on Crypto Investors
Scams involving deepfake technology prey on emotional triggers such as urgency and secrecy. They create a false sense of urgency, pushing investors to act without verifying any information. This rush often leads to impulsive decisions, such as moving funds using untraceable methods like cryptocurrency.
Take the recent Garlinghouse deepfake scam, for example….
