Michael Saylor Warns of Deepfake Scams Impersonating Him on YouTube

Image of a fake youtube video featuring Michael Saylor

Michael Saylor, the executive chairman of MicroStrategy and a prominent Bitcoin advocate, said his security team has been removing fake videos that use his likeness and voice to promote Bitcoin trading and giveaway schemes on YouTube.

Saylor’s Team Remove Deepfakes

Michael Saylor, the executive chairman of MicroStrategy and a prominent Bitcoin advocate, said his security team has been removing fake videos that use his likeness and voice to promote Bitcoin trading and giveaway schemes on YouTube.

In a tweet on Jan. 5, Saylor said that the videos are created using artificial intelligence (AI) technology that can generate realistic-looking and sounding videos of anyone, known as deepfakes. He said that the videos are part of a scam that tries to lure unsuspecting viewers into sending Bitcoin to fraudulent addresses in exchange for more Bitcoin or other rewards.

A Bitcoin Giveaway Scam

“⚠️Warning⚠️ My security team has been taking down one AI generated deepfake video featuring me, @MicroStrategy, and #Bitcoin trading & giveaway scams on @YouTube every 15 minutes. Be careful out there, and remember there is no such thing as a free lunch,” Saylor wrote.

Saylor is not the first public figure to be targeted by deepfake scammers on YouTube. In 2020, several videos of Elon Musk, the CEO of Tesla and SpaceX, were posted on the platform, claiming to offer free Bitcoin or Tesla stock to viewers who sent money to certain addresses. The videos were later removed by YouTube, but not before some of them amassed thousands of views and likes.

Deepfake Youtube video of Michael Saylor

A Bitcoin Advocate

Saylor is one of the most vocal supporters of Bitcoin, both personally and professionally. He has invested more than $2 billion of his own money into the cryptocurrency, and has led MicroStrategy, a business analytics software firm, to acquire more than 120,000 Bitcoins for its treasury, worth about $5.3 billion as of January 6. He has also advocated for other companies and institutions to adopt Bitcoin as a store of value and hedge against inflation.

Bitcoin was trading at $43,858.02 as of 08:06 UTC on Jan. 6, up 2.22% in the past 24 hours. The cryptocurrency has gained 8.9% in the past week, but is still down 37.1% from its record high of $68,991 on Nov. 10, 2021

Author: Jinka

Jinka is a self-trained crypto journalist, passionate about happenings in the industry.