Dymension

2024

Read

<p class="is-style-lead">Blockchain security analysts CertiK disclosed a deepfake video featuring Vitalik Buterin promoting a wallet drainer phishing site.&nbsp;</p>
<p>This isn’t the first instance cybercriminals have exploited the Ethereum <a href="https://twitter.com/CertiKAlert/status/1755235968720785875?t=1WyuMu1fHXlw4WbWgw5t8w&amp;s=19" target="_blank" rel="noopener noreferrer nofollow">co-founder’s</a> influence to advance their fraudulent schemes. In September, a notable campaign became viral with a deepfake of Buterin endorsing a new meme token, which was a scam.&nbsp;</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/CertiKSkynetAlert?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#CertiKSkynetAlert</a> 🚨<br><br>We have seen deepfake of <a href="https://twitter.com/VitalikButerin?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@VitalikButerin</a> used to promote a wallet drainer<br><br>The scam site is strnetclaim[.]cc<br><br>Still of the video can be seen below <a href="https://t.co/R8AY5CVOea" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/R8AY5CVOea</a></p>— CertiK Alert (@CertiKAlert) <a href="https://twitter.com/CertiKAlert/status/1755235968720785875?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">February 7, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>You might also like: <a href="https://crypto.news/vitalik-buterin-reflects-on-his-meeting-with-putin-depicts-the-ftx-collapse/" rel="noopener noreferrer nofollow"> Vitalik Buterin reflects on his meeting with Putin, depicts the FTX collapse </a></p>
<p>Deepfakes are sophisticated digital forgeries that leverage AI to create fake videos or audio recordings of famous individuals to create fake promotions or spread misinformation. There has been a slow yet disturbing rise of such campaigns in crypto.</p>
<p>Earlier this year, hackers reportedly took over several YouTube channels to broadcast deepfake videos of <a href="https://twitter.com/real_Bobby_K/status/1754645016923046273" target="_blank" rel="noopener noreferrer nofollow">Michael Saylor</a>, the former CEO of MicroStrategy, promoting fake Bitcoin giveaways​​.&nbsp;</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><a href="https://twitter.com/YouTube?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@YouTube</a> <a href="https://twitter.com/saylor?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@saylor</a> <a href="https://twitter.com/business?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@business</a> <br><br>Dangerous deepfake advertisement of Michael Saylor on YouTube that also references Bloomberg <a href="https://t.co/OyS0wyfrX3" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/OyS0wyfrX3</a></p>— Bobby K (@real_Bobby_K) <a href="https://twitter.com/real_Bobby_K/status/1754645016923046273?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">February 5, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>Another instance involved a deepfake impersonation of the former FTX founder, <a href="https://crypto.news/ftx-saga-what-happened-to-ftx/" rel="noopener noreferrer nofollow">Sam Bankman-Fried</a>, offering false compensations to users following FTX’s bankruptcy​​. A deepfake video featuring Australian businessman Andrew Forrest was also circulated, fraudulently promoting a crypto trading software promising unrealistic profits​​.</p>
<p>The growing risks of these deepfakes underscores the evolving sophistication of cyber threats in the crypto space. It highlights the need for increased vigilance among users and investors to detect and prevent such fraudulent activities.&nbsp;</p>
<p>Read more: <a href="https://crypto.news/dymension-sees-55-surge-within-hours-of-mainnet-debut/" rel="noopener noreferrer nofollow"> Dymension sees 55% surge within hours of mainnet debut </a></p>

Analysts discover deepfakes of Vitalik Buterin promoting scam crypto wallet

crypto.news

Other articles published on Feb 7, 2024

SEC Targets TradeStation Crypto for Regulatory Violations

Binance Accelerates Dymension (DYM) Trading Options

Virginia Bill Proposes Crypto and Blockchain Study Group: What Could It Mean?

Ethereum custody by Prometheum to test SEC’s crypto securities stance—Here’s why

New Cryptocurrency at $0.01 Joins Ethereum (ETH) and Polygon (POL) as Top Picks for February 2024

Pullix (PLX) Hybrid Exchange Nears Launch – Set To Eclipse Chainlink (LINK) and Immutable (IMX)

Join our free newsletter for daily crypto updates!