In a startling revelation, MicroStrategy chairman and prominent Bitcoin advocate Michael Saylor has sounded the alarm on a rising tide of deep-fake videos featuring him promoting Bitcoin scams. Saylor disclosed that his security team has been tirelessly combatting approximately 80 AI-generated YouTube videos daily, a disconcerting indication of the persistent efforts by scammers.
In a recent X post, Saylor expressed his deep concern and warned the crypto community sternly. The scam in question involves fake podcasts enticing users to scan a barcode and send Bitcoin, promising to receive double the amount in return. These deceptive tactics are a common ploy fraudsters employ to exploit unsuspecting victims.
Bitcoin Doubling Scams Surge
Saylor, a key figure in the Bitcoin space and one of the largest cryptocurrency holders is not mincing words. He warns fellow BTC holders that doubling their Bitcoin holdings is no foolproof method. MicroStrategy, he emphasizes, does not engage in any practice of giving away Bitcoin to those who scan a barcode. The chairman fervently urges users to exercise due diligence, emphasizing the critical importance of verification and cautious trust.
This alarming trend of AI-generated scams is not exclusive to Saylor. In November 2023, Ripple CEO Brad Garlinghouse faced a similar threat when deep-fake videos emerged featuring him endorsing fictitious XRP giveaways.
The pervasive use of artificial intelligence in generating realistic and convincing digital content, including videos, poses a considerable challenge. While AI technology has numerous positive applications, its misuse for malicious purposes is an escalating concern.
Saylor’s warning extends beyond his personal experience, urging the broader crypto community to recognize the risks associated with AI-generated scams and take proactive measures to protect their assets. To navigate this perilous landscape, users must adhere to best practices before taking action, including thorough verification of the source and authenticity of crypto-related information or offers.
Furthermore, users should exercise extreme caution and refrain from sending cryptocurrencies to unfamiliar or untrustworthy addresses or platforms, particularly when promises of unrealistic returns or rewards are involved. As the crypto landscape evolves, the community must remain vigilant against the expanding capabilities of artificial intelligence and adapt their security measures accordingly.