Michael Sailer was removing 80 deep fake videos every day.
Michael Saylor, executive chairman of MicroStrategy, reveals that his team works to remove around 80 AI-generated fake videos every day – most of which promote Bitcoin-related scams.
In a Jan. 13 post on X, Salor warned his 3.2 million X followers about the proliferation of fake videos on YouTube, warning that “the scammers keep getting bigger.”
“There is no risk-free way to double your #bitcoin, and @MicroStrategy won't give away $BTC to those who scan barcodes,” he reiterated.
⚠️ Warning ⚠️ There is no risk free way to double your #bitcoin and @MicroStrategy will not give away $BTC to those who scan barcodes. My team downloads about 80 fake AI-generated @YouTube videos every day, but the scammers keep coming up with more. Don't believe it, prove it. pic.twitter.com/gqZkQW02Ji
— Michael Saylor⚡️ (@saylor) January 13, 2024
Last week, several users on X reported fake AI-generated videos pretending to double people's money with Saylor. The videos ask viewers to scan a QR code to send BTC to the scammer's address.
Here's Michael Saylor's In-depth Fake Scam. Just popped up on YouTube (again) pic.twitter.com/9t4PDCJcU6
— ⪛⦿⫺Beyond the Horizon2620 (@BTH2620) January 8, 2024
In the year A similar situation arose in 2022 when fake Elon Musk videos appeared on a video streaming platform promoting fake crypto giveaways.
And earlier this month, a deeply fake video featuring Solana founder Anatoly Yakovenko was making the rounds on YouTube and social media.
Austin Federa, head of strategy at the Solana Foundation, said, “There has been a recent surge in deep lies and other AI-generated content,” The Verge reported.
Related: US officials say AI could facilitate hacking, fraud and money laundering
In December, cyber security experts warned that as AI technology advances, AI-powered deepfake videos will become more real.
Speaking to Cointelegraph, Certike blockchain analyst Jesse Leclerc said Asghar is evolving exponentially, and one of the key factors driving the evolution is generative AI.
0xScope researcher Jerry Peng added that AI could play a key role in fooling crypto users by generating ever more plausible “deeper lies.”
On January 9, US law enforcement officials warned that generative AI tools could lower technical barriers to entry for fraudsters.
However, Rob Joyce, director of cyber security at the National Security Agency, also argued that AI could help authorities hunt down criminals more effectively.
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