This CTV News report details how AI-generated deepfakes are being used to defraud Canadians of their life savings. The video highlights victims like the Perkins family, who lost over $42,000, and Brenda Dion, who lost $16,000, after trusting realistic deepfake videos of political figures—including Chrystia Freeland and Mark Carney—endorsing fake crypto investment platforms
According to the Canadian Anti-Fraud Center, Canadians lost $190 million to cryptocurrency scams last year alone. Experts warn that top search results for crypto investments are frequently fraudulent and caution victims against secondary “recovery” scams that promise to retrieve lost funds for a fee.