Bitcoin Leaders Warn of Growing Deep-Fake Scams on YouTube, Urge Investor Vigilance
January 14, 2024
MicroStrategy chairman, Michael Saylor, and CEO Brad Garlinghouse warn about the rise of scams in the Bitcoin community.
Saylor's security team removes about 80 AI-generated deep-fake videos daily from YouTube, yet scammers persistently produce more.
Saylor and Garlinghouse urge Bitcoin holders to verify information and avoid trusting blindly, highlighting that doubling Bitcoin is not risk-free.
They stress the need for crypto community to take measures to protect their holdings, by verifying the source and authenticity of crypto-related information or offers, and steering clear of unknown or untrusted addresses or platforms.
The spot Bitcoin ETFs' recent launch has raised worries about a new wave of scams targeting non-crypto investors.
There is an increasing demand for improved content policing on platforms like YouTube to safeguard investors.
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