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Michael Saylor, Chairman of MicroStrategy, a leading business intelligence company and one of the largest Bitcoin holders, has issued a crucial warning to the Bitcoin community. He announced that his security team has removed deep fake videos created by artificial intelligence (AI) promoting Bitcoin scams.
Saylor revealed that his team downloads about 80 fake, AI-generated YouTube videos every day, but scammers are creating more and more.
MicroStrategy's chairman took to These are typical Bitcoin scam tactics that aim to deceive and steal from unsuspecting victims.
With this in mind, Saylor warns BTC holders that there is no risk-free way to double their Bitcoin, and MicroStrategy is not giving away BTC to those who scan a barcode. He also tells them to always check and not trust blindly.
Saylor isn't the only well-known crypto personality targeted by AI scammers. In November 2023, deep fake videos of Ripple CEO Brad Garlinghouse promoting fake XRP giveaways surfaced on social media.
Artificial intelligence (AI) is a sophisticated and rapidly growing technology that can generate realistic and compelling digital content such as photos, videos, audio and text. Although artificial intelligence has many positive and useful applications, it can also be used for malicious purposes.
The crypto community should be aware of the possible risks of AI and take measures to protect their holdings. Best practices for avoiding AI scams include verifying the source and authenticity of crypto-related information or offers before taking any action. You should also never send cryptocurrencies to unknown or untrustworthy addresses or platforms, especially if they promise unrealistic returns or rewards.
About the author
Tomiwabold Olajide
Tomiwabold is a cryptocurrency analyst and an experienced technical analyst. He pays close attention to cryptocurrency research, conducts comprehensive price analysis, and shares predictions on estimated market trends. Tomiwabold graduated from the University of Lagos.
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