[2024-01-07] Michael Saylor Warns of Deepfake Bitcoin Giveaway Scams ...

[chmod755]

Michael Saylor Warns of Deepfake Bitcoin Giveaway Scams Featuring Him and Microstrategy

Microstraetgy’s executive chairman, Michael Saylor, has warned about new bitcoin giveaway scams using AI-generated deepfake videos featuring him and his company. “There is no such thing as a free lunch,” the Microstratgy executive stressed. The deepfake Saylor urges investors to send him bitcoin or ether, promising to double any amount sent.

Saylor Warns of Deepfake Bitcoin Giveaway Scams

A wave of scams targeting cryptocurrency investors using AI-generated deepfake videos has swept across platforms like Youtube and X, with Ripple CEO Brad Garlinghouse and Microstrategy executive chairman Michael Saylor among the prominent figures featured.

On Friday, Saylor issued a warning about fraudulent deepfake videos of him and Microstrategy giving away bitcoin appearing on Youtube. The AI-generated videos prompted him to urge his followers to exercise caution, emphasizing: “There is no such thing as a free lunch.”

Michael Saylor Warns of Deepfake Bitcoin Giveaway Scams Featuring Him and Microstrategy

The video shows a deepfake of Saylor urging viewers to send him bitcoin, promising to double the amount. He also claimed that the SEC approving a spot bitcoin exchange-traded fund (ETF) would send the price of BTC to a staggering $1 million. Clicking on the video link directs you to a scam website claiming to offer the “biggest crypto giveaway” with 1,000 BTC and 10,000 ETH up for grabs. The website encourages immediate participation with limited spots available and no crypto knowledge required.

“During this unique event, you have the opportunity to take a share of 1,000 BTC & 10,000 ETH. Have a look at the rules and don’t miss out on this. You can only participate once!” the website details. “Our model is based on guaranteed outcome,” the deepfake, AI-generated Saylor said, urging investors to scan the QR code that appears on their screen.

Saylor recently revealed that he is selling $216 million of Microstrategy’s shares with a plan to buy more bitcoin for his personal holdings. While the executive chairman has not disclosed how much BTC he owns recently, he said in October 2020 that he personally owns 17,732 BTC. Meanwhile, his software intelligence firm publicly reported holdings of 189,150 bitcoin as of December 2023.

Source: https://news.bitcoin.com/gofrom/recent_posts/michael-saylor-warns-of-deepfake-bitcoin-giveaway-scams-featuring-him-and-microstrategy/

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This type of a way to scam is not new but common. People that have been into crypto since would have known about it that it is fake. People like Elon Musk, Vitalik Buterin and other crypto celebrities fake video with fake speeches has been created before which has been used to scam people that fell for it.

In this world that we are now, we need to make findings before we should believe that something is true or not true. But a type of ways that someone will ask you to pay money that he will double it for you, that is definitely a scam. It is not what we need to make any findings about becuase it is distinct that it is a means scammers can use to scam people.

[chmod755]

In this world that we are now, we need to make findings before we should believe that something is true or not true.

Yep, it's hard to say what is true with all the technology we have now. I hope none of you ever fall for a scam like this.

[alastantiger]

I have seen other similar deepfake videos. What you should know is that when the price goes up, the scams increases. Following a trusted voice in the crypto market will the beginner and experienced investors to differentiate the real thing from the fake. Help to report, dislike and not share these deepfakes scam videos even if it seems google or YouTube or whatever platform it is published on may be slow to take action or take no action at all, reporting them is better than doing nothing. That is the best you can do.