In a crucial alert to the Bitcoin community, Michael Saylor, the chairman of MicroStrategy, a prominent business intelligence firm and one of the largest Bitcoin holders, has disclosed an ongoing battle against deep-fake videos generated by artificial intelligence (AI). These deceptive videos feature Saylor promoting Bitcoin scams, prompting his security team to take down approximately 80 fake AI-generated YouTube videos daily. Despite these efforts, scammers persist in producing more of these misleading content pieces.
Expressing his concern, Saylor took to social media platform X (formerly Twitter), cautioning the crypto community about fraudulent podcasts that encourage users to scan a barcode and send Bitcoin with the promise of receiving double the amount in return. Such tactics are common in Bitcoin scams designed to trick and defraud unsuspecting victims.
Saylor unequivocally emphasizes to Bitcoin holders that there is no risk-free method to double their Bitcoin, and MicroStrategy does not engage in giving away BTC to those who scan a barcode. He urges users to exercise caution, always verify information, and not blindly trust suspicious claims.
Saylor is not the sole notable figure in the crypto space to face targeting by AI scammers. In November 2023, deep-fake videos emerged featuring Ripple CEO Brad Garlinghouse promoting fake XRP giveaways on social media.
Highlighting the sophisticated and rapidly expanding capabilities of artificial intelligence, Saylor underscores its potential for generating realistic and convincing digital content, including photos, videos, audio, and text. While AI boasts numerous positive applications, it is equally susceptible to malicious use.
In response to the escalating threat, Saylor advises the crypto community to remain vigilant and implement precautionary measures to protect their holdings. Best practices include verifying the source and authenticity of any information or offers related to crypto before taking any action. Additionally, users are strongly advised never to send cryptocurrency to unknown or untrusted addresses or platforms, particularly those promising unrealistic returns or rewards.
