Bitcoin Leaders Warn of Growing Deep-Fake Scams on YouTube, Urge Investor Vigilance

January 14, 2024
Bitcoin Leaders Warn of Growing Deep-Fake Scams on YouTube, Urge Investor Vigilance
  • 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.

Summary based on 0 sources


Get a daily email with more Crypto stories

More Stories