On Jan. 6, Michael Saylor, the Founder of MicroStrategy, warned the Bitcoin community about a new threat from artificial intelligence technologies.
Similar concerns were raised in mid-December by Charles Hoskinson, the founder of Cardano. Taking to the Twitter platform, Saylor shared with his followers that his security team has been actively working to remove deepfake videos generated with the assistance of AI from YouTube.
Warning
— Michael Saylor
(@saylor) January 5, 2024
Bitcoin Scams Targeted Michael Saylor
These deceptive videos featured Saylor and were part of BTC trading and cryptocurrency giveaway scams occurring every 15 minutes, as noted by the Bitcoin evangelist.
Screenshots posted by Saylor displayed fabricated content in which he discussed the potential impact of a Bitcoin ETF, suggesting a surge in the BTC price to $1 million.
Saylor cautioned the community to exercise caution and emphasized that there is no such thing as a free lunch. The shared screenshots illustrated “him” discussing the potential influence of a Bitcoin ETF on driving the BTC price to $1 million.
In response to the warning, one commentator shared an excerpt from an AI-generated video in which “Saylor” was featured during a “PBD” podcast, promoting a fraudulent giveaway scheme. The fabricated scenario encouraged users to scan a QR code and deposit BTC with the promise of receiving double the amount in return, a typical tactic in cryptocurrency scams.
This incident follows a trend observed in December 2023 when scammers with AI tools created videos featuring Charles Hoskinson. Michael Saylor has become a target for similar deceptive practices, given his vocal advocacy for BTC and his prominent role in the business and finance world.
