Copyrighted Image by: Reuters.

WASHINGTON - MicroStrategy's executive chairman, Michael Saylor, has raised alarms today about an influx of sophisticated Bitcoin scams using AI-generated deep-fake videos on YouTube. These fraudulent videos falsely portray Saylor promoting barcode scanning schemes, potentially misleading viewers and investors.

The software company's team is actively combating this new wave of cybercrime, working tirelessly to identify and remove approximately 80 of these deceptive videos from the platform daily.

In response to the threat, Saylor has issued a clear warning to the crypto community, advising individuals to exercise caution and verify the legitimacy of any cryptocurrency-related offers they encounter. He has reiterated that MicroStrategy does not engage in Bitcoin giveaways, a common lure used in digital currency scams.

https://www.investing.com/news/cryptocurrency-news/microstrategys-michael-saylor-warns-of-aigenerated-bitcoin-scam-videos-93CH-3274094