Deepfake

Europol has led a major international operation to take down a sprawling cryptocurrency fraud network responsible for laundering over €700 million. The criminal organization used fake investment platforms and sophisticated marketing, including deepfakes, to lure victims before laundering the proceeds across numerous exchanges.

The Dutch Authority for the Financial Markets (AFM) is warning about the rise of AI-powered financial fraud. Criminals are using deepfakes and hyper-personalized scams to deceive investors on a massive scale, making fraudulent schemes more convincing than ever.