Michael Saylor, Chairman of MicroStrategy, a major Bitcoin holder, has revealed that his team works daily to remove at least 80 fake videos from social media platforms. These videos, often promoting Bitcoin-related scams, are created using deepfake technology, and analysts continue to issue warnings about them.
On January 13, Saylor alerted his 3.2 million followers about numerous deepfake videos on YouTube. He warned that scammers are persistently sharing more videos across social media platforms.
Recently, users on platform X highlighted videos allegedly showing Saylor promising to double people’s money, created by artificial intelligence. These videos ask viewers to scan a QR code to send Bitcoin to the scammer’s address.
In 2022, a similar situation emerged with fake Elon Musk videos on YouTube. Early January saw a deepfake featuring Solana co-founder Anatoly Yakovenko shared on YouTube and social media. Austin Federa of the Solana Foundation noted a significant increase in deepfake and other AI-generated content.
Cybersecurity experts warned in December 2023 that AI-powered deepfake videos would become more realistic as AI technology advances. Jesse Leclere of blockchain security firm CertiK mentioned that phishing is becoming sophisticated due to generative AI tools. Researcher Jerry Peng from 0xScope added that realistic deepfakes could play a major role in deceiving crypto investors. U.S. law enforcement warned that AI tools could lower technical barriers for scammers, while NSA’s cybersecurity director Rob Joyce suggested AI could help authorities more efficiently track illegal activities.