The crypto world is grappling with a rising challenge - deepfakes, AI-generated fake identities that can circumvent even robust security measures. Recent data shows a worrying 217% surge in detected deepfakes in the crypto sector from Q1 2023 to Q1 2024, and a 245% increase across all industries.

In response, the crypto exchange has joined forces with Sumsub, a KYC verification provider, to bolster security for its 25 million users worldwide. Sumsub claims its AI-powered tools can identify and prevent deepfake scams with over 99% accuracy through identity verification, facial biometrics, and database validation.

However, the implications of deepfakes in the crypto space are severe, with the potential for stolen identities, drained accounts, and eroded trust in the ecosystem.

What are your thoughts on this development? Do you think the Bitget-Sumsub partnership will effectively combat deepfakes in crypto? Share your perspectives on this pressing issue