Bitcoin

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A highly realistic AI-generated deepfake of former MicroStrategy CEO Michael Saylor has been <a href="https://twitter.com/niftyinvest/status/1738622911853015135" rel="noopener noreferrer nofollow">circulating</a> on YouTube.
The deepfake video, which showcases Saylor with an uncannily accurate replication of his voice and mannerisms, is part of a fraudulent scheme aimed at deceiving Bitcoin owners.
<h2 id="new-level-of-crypto-scams">New level of crypto scams</h2>
The AI-generated deepfake presents a well-dressed individual resembling Michael Saylor, seated in an elegant office surrounded by bookshelves — an image reminiscent of a trustworthy business environment.
In the video, the figure convincingly imitates Saylor's voice and entices viewers with a too-good-to-be-true offer: doubling their Bitcoin by following a series of "easy steps."
The deepfake emphasizes the security and safety of the transaction to deceive some gullible and not-so-tech-savvy users.
The fake Saylor is urging viewers to scan a QR code and visit a website to begin the process of supposedly increasing their digital assets.
<h2 id="widespread-problem">Widespread problem</h2>
This incident is not isolated; similar scams have pervaded the cryptocurrency sphere, exploiting the influential images and reputations of well-known figures in the industry.
Recently, a similar scam emerged <a href="https://u.today/horrifyingly-realistic-ripple-scam-emerges-on-social-media" rel="noopener noreferrer nofollow">involving</a> a realistic imitation of Ripple CEO Brad Garlinghouse, pointing to a broader issue within social media platforms.
Such fraudulent activities are becoming increasingly sophisticated and harder to distinguish from legitimate communications.
The rise of such AI-powered crypto scams even prompted Garlinghouse to publicly <a href="https://u.today/ripple-ceo-slams-youtube-are-you-asleep-at-the-wheel-again" rel="noopener noreferrer nofollow">call out</a> YouTube for its perceived lack of efforts to combat such scams after previously taking the popular video-hosting platform to court.

Crypto Scam Alert: AI-Powered Deepfake of Michael Saylor Appears on YouTube

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