Tim Draper Cautions Followers About AI-Engineered Voice Scams in Crypto
Summary:
Prominent investor Tim Draper alerts his followers on platform X about scam artists using AI to mimic his voice and dupe cryptocurrency users into transferring funds. He emphasizes his refusal to ever publicly ask for funds. The problem has grown following advances in AI technologies which allows scammers to create increasingly believable fake representations of voices or videos. The news comes amidst an increase in similar scams following the FTX crash in 2022. Despite previous losses, Draper continues to support digital assets.
Prominent American investor Tim Draper has alerted the online community about fraudsters trying to swindle cryptocurrency users with a synthetic voice imitation. In a post on the social media platform X (which used to be Twitter) on October 19, Draper, followed by around 254,000 people, cautioned about con artists employing artificial intelligence (AI) to mimic his voice. The investor underlined that "AI is getting smarter", alluding to followers who reportedly claimed that Draper solicited them to transfer their cryptocurrency funds. The warning emphasized that people are leveraging increasingly advanced AI technology to replicate his voice to deceive recipients into sending funds or digital coins, asserting that he would never solicit money from public followers on X.
Related: Quick ways to spot a deepfake crypto scam according to cybersecurity expertsAI technology developments have facilitated synthetic representations of popular figures' voices or videos of politicians uttering anything one wishes via specific software. This technology has been used in fraudulent practices, particularly following the FTX's demise in November 2022, where fraudsters developed a doctored video featuring its ex-CEO, Sam Bankman-Fried, promising restitution to impacted consumers. In a similar misuse of technology, a fake Elon Musk video emerged in May 2022.Draper, who prophesied that Bitcoin (BTC) would soar to $250,000 by 2023, is a long-time cryptocurrency supporter. Despite the loss of approximately 40,000 BTC in the Mt. Gox collapse in 2011, he persistently champions digital assets.
Magazine: US government's error derailed my $250K Bitcoin price prophecy: Tim Draper, Hall of Flame.
Published At
10/19/2023 10:03:09 PM
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