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Deepfakes and crypto scams

Deepfakes, a form of synthetic media powered by AI algorithms, allow for the creation of convincing fake videos and imagery that depicts events or speech that never actually occurred. As Saylor notes, videos using deepfake technology to impersonate him and other crypto personalities have proliferated on YouTube and social media platforms. These videos aim to convince viewers to send crypto to a provided address under the pretense that they will receive double the amount in return.

Video altering is a common scam in the crypto world, with major social media hacks in the past further demonstrating the technique's potential dangers. Even basic schemes like those using previously recorded podcasts to create deceptive viral content are increasingly being weaponized to perpetrate scams, especially on platforms like YouTube. There, videos featuring major crypto personalities like Elon Musk, Brad Garlinghouse, Michael Saylor, and Vitalik Buterin are fabricated to resemble real-time streams, luring viewers into financial traps, like the one Saylor mentioned.

While platforms like YouTube work to take down AI-generated scam videos, the technology used to create deceptive content continues to improve. Now, video deepfakes, generative video, AI voice cloning and even real time AI translations are possible with just a few clicks.

With crypto criminals getting better at producing convincing fake videos, and AI technology advancing rapidly, it's more important than ever to verify rather than blindly trust unexpected crypto-related offers online. As always, if something seems too good to be true, it probably is.