Categories: MarketsMenafn

‘My Security Team Strikes Down AI-Generated Bitcoin Scams’ Warns Micheal Saylor

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. 

https://twitter.com/saylor/status/1743390572973281294?ref_src=twsrc%5Etfw” target=”_blank” rel=”noopener

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.

Jerry Rolon

After working for 7 years as a Internet Marketer, Jerry now aims to explore the journalistic side of Internet. With his impeccable knowledge in this domain, he churns out some of the best news articles from the internet niche. With respect to acedamics, Jerry earned a degree in business from California State University.

Recent Posts

Hong Kong Embraces Crypto as Proof of Wealth for Investment Immigration

Hong Kong has approved the use of cryptocurrency as proof of wealth for applications for…

15 hours ago

SwissRx Coin Launches to Revolutionize Healthcare Payments and Combat Counterfeit Medications

Geneva, Switzerland, 11th February 2025, ZEX PR WIRE, SwissRx Coin has announced a plan to…

22 hours ago

<div>Masader Launches “Thamaneya”: An Industry-Specific AI-Powered ESG & Climate Digital Solution- Redefining Sustainability Reporting through Gamification</div>

Riyadh, KSA, 11th February 2025, ZEX PR WIRE, Masader Environmental and Energy Services (S.A.E.), a…

23 hours ago

Second-Round Speaker Lineup Announced for Hong Kong Web3 Festival 2025

Hong Kong, 11th February 2025, ZEX PR WIRE, Hong Kong Web3 Festival today announced the…

1 day ago

North Carolina To Establish Strategic Bitcoin Reserve

North Carolina has taken a major step toward integrating Bitcoin into its financial framework, introducing…

1 day ago