It has been suggested that digital fakes—deepfakes, fake news, and bots posing ashumans, etc.—could lead to an “infopocalypse” where we can no longer tell what is real. The most obvious epistemic threat is that people can end up with numerous false beliefs about the world if they take these digital fakes to be genuine. But perhaps more importantly, digital fakes can undermine our trust in valuable epistemic resources, such as videos, newspapers, and human testifiers. Recently, several philosophers (e.g., Harris 2021, Atencia-Linares and Artiga 2022, Chalmers 2022, Habgood-Coote 2023, Simon et al. 2023, Cüyaz 2024) have downplayed the epistemic threat of digital fakes. Leveraging philosophical work on art forgeries and counterfeit currency, we offer a conceptual analysis of fakes. We use this analysis to show that the arguments of these philosophers fail.