MicroStrategy's Chairman Battles Daily Against Surging AI-Generated Bitcoin Scams
Summary:
MicroStrategy's chairman, Michael Saylor, discloses that his team has to daily address around 80 AI-created fake videos of him, all promoting Bitcoin scams. Fake videos of Saylor and other tech personalities like Elon Musk, allegedly offering to double people's money are circulating on platforms like YouTube, becoming a growing problem as AI technology advances making them increasingly realistic. While AI tools make scamming easier, they can also aid in identifying illegal activity more effectively, according to American cybersecurity officials.
Chairman of MicroStrategy, Michael Saylor, has disclosed that his team has to tackle about 80 daily artificial intelligence-created false videos featuring him, all promoting some type of Bitcoin scam. In a Jan. 13 update on X, Saylor alerted his 3.2 million X followers about the numerous deepfake videos circulating on YouTube, emphasizing that the con-artists continue to produce more. He restated, "there's no safe way to double your #bitcoin, and @MicroStrategy doesn't offer free $BTC to barcode scanners."
Some users on X reported last week about counterfeit AI-generated videos that featured Saylor allegedly promising to multiply their money. These videos encourage viewers to scan the QR code to transfer BTC to the scammer's address.
In 2022, similar incidents of fake Elon Musk videos emerged on the video streaming network publicizing sham cryptocurrency giveaways. This month also saw a deepfake video of Solana's co-founder, Anatoly Yakovenko, circulating on YouTube and social media. Austin Federa, chief of strategy at Solana Foundation, said, "Recently, there's been a noticeable surge in deepfakes and other AI-produced content," as reported by The Verge.
Meanwhile, cybersecurity experts predict that AI-created deepfake videos will become more believable as AI technology progresses. In a December interview with Cointelegraph, CertiK blockchain analyst Jesse Leclere stated that phishing is getting more complex, with generative AI playing a significant role in its evolution. Additionally, researcher Jerry Peng from 0xScope suggested that AI could be pivotal in crafting exceedingly realistic "deepfakes" to deceive crypto enthusiasts.
On Jan. 9, American law enforcement officials cautioned that AI generative tools can simplify the technical entry point for potential scammers. However, Rob Joyce, the director of cybersecurity at the National Security Agency, counterargued that AI could enable authorities to trace illegal activity more effectively.
Published At
1/15/2024 9:07:54 AM
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