Singapore's PM Lee Hsien Loong Alerts Public about Deepfake Crypto Scam Videos
Summary:
Singapore's Prime Minister, Lee Hsien Loong, has warned his followers about deepfake videos falsely presenting him endorsing cryptocurrency scams. He publicized the menace through several social media platforms, advising people not to fall for such fraudulent tricks. The PM had been previously targeted by scams even before the advent of AI tools. In the face of the growing threat of cryptocurrency scams, Loong urged citizens to remain alert and safeguard their interests.
The Prime Minister of Singapore, Lee Hsien Loong, has raised a red flag on fraudulent videos that imitate him to advertise illicit cryptocurrency schemes. He made this public through social media platforms including X (previously Twitter), LinkedIn and Facebook, counseling his followers on Dec. 28 not to fall for scams involving deepfakes, which are generated using advanced AI technology. These fraudulent entities deceitfully use the Prime Minister's likeness and voice, promising huge returns on investment and crypto giveaways. The scammers exploit a faked interview of Lee to promote so-called "hands-free crypto trading".
Loong alerted, "Deepfakes used to convey misleading information will continue to proliferate. It's important that we remain alert and equip ourselves and loved ones against these scams."
Even before AI-powered tools became prevalent, Loong was a common target for scam artists. In 2021, he cautioned his fellow Singaporeans to stay alert when interacting with cryptocurrency platforms. He revealed at the time that his fake profile was created on BitClout to sell tokens using counterfeited social media accounts. Additionally, he and Deputy Prime Minister Lawrence Wong underwent questioning by the legislature following the downfall of FTX in 2022.
The menace of cryptocurrency scams isn't a new phenomenon. Fraudsters continuously exploit new techniques to trick unsuspecting victims into sending them fiat currency or tokens. Notably, in 2020, well-known Twitter profiles, including those of then U.S. President Barack Obama and President-elect Joe Biden, were hacked to propagate a Bitcoin fraud.
Published At
12/30/2023 12:38:08 AM
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