AI Deepfake Crypto Scam Costs Ontario Woman Over $900K
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An 86-year-old Ontario woman lost more than $900,000 after responding to a summer 2025 Facebook ad that used an AI deepfake of Prime Minister Mark Carney to promote a crypto investment; she mortgaged her condo and was left with about $200. The case underscores severe security gaps on social platforms and risks to crypto fundraising, token launches and DeFi/CEX/DEX adoption, prompting calls for greater platform accountability and regulatory safeguards to protect investors.
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- AI deepfake of PM Carney led an Ontario woman into a crypto scam that cost $900,000.
- Fake investment returns convinced the victim to mortgage her home before contact ended.
- Expert says deepfake scam ads on social media raise questions about platform accountability.
An Ontario woman has shared how an AI-generated video featuring Canada’s Prime Minister led her into a cryptocurrency investment scam that resulted in the loss of more than $900,000. The victim invested nearly all of her savings, took out a mortgage on her condominium, and was left with about $200.
The scam began during the summer of 2025 when 86-year-old Judy Skene of Sault Ste. Marie, Ontario, saw a Facebook advertisement featuring what appeared to be Prime Minister Mark Carney promoting a cryptocurrency investment.
According to Skene, the video claimed that a $350 Canadian investment would be backe…
Read The Full Article AI Deepfake Crypto Scam Costs Ontario Woman Over $900K On Coin Edition.
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