Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SUBMIT
Crypto Flexs
Home»BLOCKCHAIN NEWS»Deepfake Risk: Michael Saylor Warns Followers About New Bitcoin Scam
BLOCKCHAIN NEWS

Deepfake Risk: Michael Saylor Warns Followers About New Bitcoin Scam

By Crypto FlexsJanuary 16, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Deepfake Risk: Michael Saylor Warns Followers About New Bitcoin Scam
Share
Facebook Twitter LinkedIn Pinterest Email

Deepfake scams on the rise

Michael Saylor, Chairman of MicroStrategy, recently said: warned His 3.2 million followers talk about the proliferation of deepfake videos on YouTube. These AI-generated videos falsely portray Saylor promoting Bitcoin scams, a trend that poses a serious threat to the cryptocurrency community. In a notable post onBTC For people scanning barcodes”​​​​.

The threat of AI in cryptocurrency fraud

The use of artificial intelligence to create deepfake videos has become a tool for fraudsters. These elaborate scams feature prominent figures like Saylor urging viewers to scan barcodes and send Bitcoin, promising to double their investment. Saylor’s security team reportedly removes around 80 fake AI-generated YouTube videos every day, but scammers are constantly creating more​​​​.

previous incident

This tactic is not new in the cryptocurrency world. In November 2023, Ripple CEO Brad Garlinghouse targeted Due to similar AI-generated scams. As these scams leveraging AI technology become increasingly sophisticated, the cryptocurrency community must remain vigilant. Users are advised to check sources and be skeptical of unrealistic promises. This is especially true if you are sending funds to unknown addresses or platforms that promise high returns.

Saylor’s Personal and MicroStrategy’s Bitcoin Holdings

Amid the warning, Saylor recently sold $216 million in shares of MicroStrategy and said he plans to buy more Bitcoin for his personal wealth. As of December 2023, his software intelligence company reported holding 189,150 Bitcoins.

double edAI’s Sword

While the rise of AI technology offers numerous benefits across a variety of industries, it also presents a dual nature. The ability to create convincing deepfakes has made it a powerful deception tool, especially in the digital currency space. As AI continues to advance, so does the need for individuals and organizations to be vigilant against digital deception.

conclusion

In conclusion, we highlight that the increasing use of deepfake technology in cryptocurrency fraud poses a serious threat to investors. Saylor’s proactive approach to warning the public and proactively combating these scams highlights the need for awareness and vigilance in the digital age. It is important for investors to practice due diligence, verify the authenticity of information, and be wary of plans that sound too good to be true.

Image source: Shutterstock

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Rhuna Raises $2M Seed Round Led by Aptos Labs to Build Stablecoin Payment Infrastructure for Entertainment

October 10, 2025

Investors surpass 640,000 BTC when looking at Bitcoin Holdings with $ 22 million purchases.

September 30, 2025

Hyperliquid launches USDH Stablecoin issued by Native Markets

September 25, 2025
Add A Comment

Comments are closed.

Recent Posts

How SJMine Transforms Daily Crypto News Into Passive Profits

October 11, 2025

Ethereum price plunge creates opportunity for 13% rebound

October 11, 2025

Eightco Holdings Inc. ($ORBS) Expands Its Strategic Vision Into The Enterprise

October 10, 2025

Whale.io Launches Battlepass Season 3, Featuring $77,000 In Crypto Casino Rewards

October 10, 2025

Strengthening the AI ​​Agent Economy

October 10, 2025

‘OG’ Whale Attracts Over $400 Million in Bearish BTC Bet

October 10, 2025

Rhuna Raises $2M Seed Round Led by Aptos Labs to Build Stablecoin Payment Infrastructure for Entertainment

October 10, 2025

Mobile App Change Log 7.17.0

October 9, 2025

Building Tomorrow’s Wealth With Tokenized Gold

October 9, 2025

Dreamcash Celebrates 100,000 Waitlist Signups With Exclusive $50k Giveaway Series

October 9, 2025

Ethereum Price at Risk – Bears Lose Momentum Ahead of New Lows

October 9, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

How SJMine Transforms Daily Crypto News Into Passive Profits

October 11, 2025

Ethereum price plunge creates opportunity for 13% rebound

October 11, 2025

Eightco Holdings Inc. ($ORBS) Expands Its Strategic Vision Into The Enterprise

October 10, 2025
Most Popular

Bitcoin, Solana and encryption market in the ‘Classic Bear Trap’ before a happy movement

March 11, 2025

XRP on the edge – Bullish pattern or profit-taking retreat?

March 9, 2024

The 3 Ether Lee Rim Chart Flash Signal was the last time in 2017 when the ETH price increased by 25,000%.

April 30, 2025
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.