Australian ASIC Removes 3,100+ Crypto Scams, AI Deepfakes on the Rise

The scale of ASIC's takedowns matters less than the method behind the scams: deepfakes lower the cost and raise the credibility of impersonation, which erodes the visual and audio cues retail users have historically relied on to verify who they are dealing with. That shifts the burden toward platform-level detection and identity verification rather than user caution alone. The open question is whether takedown volume reflects enforcement capacity or simply the growing supply of AI-generated fraud, since the two look identical in a headline number.