Michael Saylor, the chairman of MicroStrategy, a prominent business intelligence company and one of the largest holders of Bitcoin, has issued a crucial warning to the Bitcoin community regarding deep-fake videos generated by artificial intelligence (AI). Saylor disclosed that his security team has been actively removing approximately 80 AI-generated YouTube videos daily, where he is falsely depicted endorsing Bitcoin scams. Despite these efforts, scammers persist in creating more deceptive content.
Expressing his concern on social media, Saylor specifically highlighted fake podcasts enticing users to scan a barcode and send Bitcoin, promising a doubling of the amount in return. These fraudulent tactics are common in Bitcoin scams, aiming to deceive and defraud unsuspecting victims.
Saylor emphasizes that there is no risk-free method to double Bitcoin holdings, and MicroStrategy does not engage in giveaways to individuals scanning barcodes. He urges BTC holders to exercise caution, verify information, and avoid blind trust.
Saylor is not the sole crypto personality targeted by AI scammers. In November 2023, deep-fake videos of Ripple CEO Brad Garlinghouse promoting fake XRP giveaways circulated on social media.
The use of artificial intelligence, a sophisticated and rapidly advancing technology, poses risks within the crypto community. While AI offers numerous positive applications, it can also be exploited for malicious purposes.
To safeguard their holdings, members of the crypto community are advised to be vigilant and adopt best practices. Verifying the source and authenticity of any crypto-related information or offer is paramount. Users should refrain from sending cryptocurrency to unknown or untrusted addresses or platforms, particularly if they promise unrealistic returns or rewards. These precautionary measures are crucial in navigating the evolving landscape of AI-driven scams within the cryptocurrency space.
