A highly realistic AI-generated deepfake of former MicroStrategy CEO Michael Saylor has been circulated on Youtube.
The deepfake video, which features Saylor with an eerily accurate replica of her voice and mannerisms, is part of a fraudulent scheme to deceive Bitcoin owners.
New Level of Crypto Scams
The AI-generated deepfake features a well-dressed individual resembling Michael Saylor, sitting in a sleek office surrounded by bookshelves – an image reminiscent of a trustworthy business environment.
In the video, the character convincingly imitates Saylor’s voice and lures viewers with a too-good-to-be-true offer: double their Bitcoin by following a series of “easy steps.”
Deepfake emphasizes the security and safety of the transaction to fool some gullible and not-so-tech-savvy users.
The fake Saylor urges viewers to scan a QR code and visit a website to begin the process of allegedly increasing their digital assets.
This incident is not isolated; Similar scams have invaded the cryptocurrency sphere, exploiting the influential images and reputations of well-known figures in the industry.
Recently, a similar scam emerged involving a realistic impersonation of Ripple CEO Brad Garlinghouse, highlighting a broader problem within social media platforms.
These fraudulent activities are becoming increasingly sophisticated and difficult to distinguish from legitimate communications.
The rise of these AI-driven crypto scams even prompted Garlinghouse to publicly call out YouTube for its perceived lack of effort to combat such scams after previously taking the popular video hosting platform to court.