Cryptocurrency holders warned of a large-scale attack on the deepfakes of well-known developers and entrepreneurs

Security experts have warned users about a surge in fraud targeting cryptocurrency enthusiasts. Hackers are using fake videos created by artificial intelligence to impersonate famous personalities and manipulate users. For example, Сейлор" href="https://noworries.news/biography/majkl-dzh-sejlor/" data-bio-id="3672">Michael Saylor recently posted a warning about dupes spreading on YouTube, urging subscribers to be careful.

In one of the cases, Saylor’s fake promises to double the bitcoins sent to him and also makes false claims about the approval of the Bitcoin ETF. By clicking on the link below the video, users are taken to a fraudulent website that «gives away» digital assets. Saylor urged investors to be vigilant, saying: «There are no free lunches.»

A fake video with Solana co-founder Anatoliy Yakovenko was also found on social media. The deepfake offered viewers to «try their luck in a cryptocurrency raffle».

The growing number of deepfakes poses a significant threat to the crypto industry, undermining trust and potentially preventing the attraction of new investors. With the advancement of technology, fraudsters are exploiting the trust in industry leaders to defraud users. In addition to financial losses, these frauds undermine the legitimacy of real cryptocurrency initiatives and erode public trust.

In early December, Cardano founder Чарльз Хоскінсон" href="https://noworries.news/biography/charlz-hoskinson/" data-bio-id="10 311">Charles Hoskinson warned users that the development of generative art technologies is creating conditions for sophisticated forms of fraud.

Hoskinson shared another case of fraud with his Twitter followers. It is about the publication on YouTube of a commercial created exclusively on the basis of generative artificial intelligence technologies. Hoskinson urged the cryptocurrency community to be careful and not to trust ads that look too good to be true.