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MicroStrategy's Chairman Faces Daily Battle Against Deepfake Bitcoin Scams Flooding YouTube
In a recent revelation, Michael Saylor, the executive chairman of MicroStrategy, disclosed the ongoing struggle his team faces, removing approximately 80 AI-generated fake videos featuring him every day. The majority of these fraudulent videos promote various Bitcoin-related scams, urging caution within the crypto community. [embed]https://twitter.com/saylor/status/1746298365036343477[/embed] Saylor took to X on January 13 to issue a warning to his 3.2 million followers, emphasizing that there is no risk-free method to double one's Bitcoin, and MicroStrategy does not distribute BTC to individuals scanning barcodes. Despite his team's efforts to take down these fake videos, Saylor highlighted the persistence of scammers in creating and disseminating more content. Recently, X users reported encountering AI-generated videos presenting Saylor promising to double viewers' money. These deceptive videos instruct users to scan a QR code, intending to redirect Bitcoin to the scammer's address. [embed]https://twitter.com/iBobbyShell/status/1744527813917528393[/embed] The prevalence of deepfake videos in the crypto space has become a concerning trend. In 2022, a similar scenario unfolded with fake videos featuring Elon Musk promoting fraudulent crypto giveaways. Additionally, earlier this month, a deepfake video featuring Solana co-founder Anatoly Yakovenko circulated on YouTube and social media. The increase in deepfakes and AI-generated content has raised alarms among cybersecurity experts. As AI technology advances, these deepfake videos are expected to become more realistic, posing a heightened threat to unsuspecting crypto users. The evolving sophistication of phishing techniques, driven by generative AI, underscores the challenges faced by the crypto community in combating scams. Law enforcement officials in the U.S. have recently cautioned that generative AI tools lower the technical barriers for potential scammers. Despite these challenges, some experts believe that leveraging AI in cybersecurity efforts can enhance the efficiency of identifying and addressing illegal activities within the crypto space.