MicroStrategy executive chairman Michael Saylor reveals his team works to remove around 80 AI-generated fake videos of him daily — most of which promote some kind of Bitcoin-related scam.
In a Jan. 13 post on X, Saylor warned his 3.2 million X followers about the large swathe of deep fake videos found on YouTube, warning that “the scammers keep launching more.”
“There is no risk-free way to double your #bitcoin, and @MicroStrategy doesn’t give away $BTC to those who scan a barcode,” he reiterated.
⚠️ Warning ⚠️ There is no risk-free way to double your #bitcoin, and @MicroStrategy doesn’t give away $BTC to those who scan a barcode. My team takes down about 80 fake AI-generated @YouTube videos every day, but the scammers keep launching more. Don’t trust, verify. pic.twitter.com/gqZkQW02Ji
— Michael Saylor⚡️ (@saylor) January 13, 2024
Last week, several users on X reported fake AI-generated videos with Saylor purportedly promising to double people’s money. The videos prompt viewers to scan the QR code to send BTC to the scammer’s address.
Here is the Michael Saylor deep fake scam. Just popped up on YouTube (again) pic.twitter.com/9t4PDCJcU6
— ⪛⦿⫺Beyondthehorizon2620 (@BTH2620) January 8, 2024
In 2022, a similar situation arose with a slew of fake Elon Musk videos appearing on the video streaming platform promoting bogus crypto giveaways.
And earlier this month, a deepfake video featuring Solana co-founder Anatoly Yakovenko was doing the rounds on YouTube and social media.
Austin Federa, head of strategy at the Solana Foundation said, “There has been a substantial increase in deepfakes and other AI-generated content recently,” according to The Verge.
Related: US officials say AI could facilitate hacking, scamming and money laundering
In December, cybersecurity experts warned that AI-powered deep fake videos will become more realistic as AI technology advances.
Speaking to Cointelegraph, CertiK blockchain analyst Jesse Leclere said phishing is evolving in sophistication, and one of the key elements driving its evolution is generative AI.
0xScope researcher Jerry Peng added that AI could form a key component in generating ever-more realistic “deep fakes” to fool crypto users.
On Jan. 9, U.S. law enforcement officials warned that generative AI tools can lower the technical barrier of entry for would-be scammers.
However, Rob Joyce, director of cybersecurity at the National Security Agency, also argued that AI could help authorities more efficiently hunt down illegal activity.
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