Topic: The increase of AI powered scam in the crypto world (Deepfake videos) (Read 75 times)

There is nothing for them to be scared about, the thing dey simple, nobody go ask you to send money to dem, make dem double am for you, that is the tactic wey these deepfake scammers dey use, dem go impersonate one kind popular person, come tell people to send money, to receive double of wetin dem send.

Na greed dey make people fall for am, so to avoid am, just know say free money no dey the internet and nobody go just double your money for you like that.

Nor be today scammers don dey deceive people with their fake format. E dey pain me when I hear say people still dey fall for all this scam. Na the same story them dey recycle. Twinkas, MMM, Ultimate Cycler, Get Help e.t.c.  All of them end the same way…them disappear with investors money. This AI deep fake never dey strong reach the point wey people nor go fit detect say na fake videos, if you observe the videos well you go notice say small small glitch dey dey for the audio or face.

Deepfake would continue to be a problem unless a majority of everyone that is aware of AI to know about it. I've stumbled on a couple of these on YouTube and I can confirmed that newer users are susceptible to fall for it due to how convincing some of those contents are. My rule of thumb for interacting with anything on the internet is that anything that sounds too good to be true id probably not true..

This is why Immediately stop watching those videos because if you're unsure where the yield is coming from, then you're the yield.

Just like the first reply had said, this scamming format isn't new. It's very common, not just in the crypto space, but in Nigeria and other countries as well, as some of this scammers uses it to scam their victims. People are quick to falling for this type of scams because they are often lured with popular or influential people in the society or crypto space, because it is very easy for them to believe. Scammers usually use Elon musk in some cases, and maybe choose to use others. If I remember correctly, I also made a reply to a thread on the discussion board, where the OP shared a thread of this same deepfake video scam that was used to scam a 72 years of grandma. Can't really remember the amount now, but I still remember the story.

There are also several stories of deepfake video scams that has happened before, so, I think we should just be careful. I'm not really a fan of following influencers, and it think some of us are also not, but regardless, we should just be careful instead.

My bro. This format of scamming has been on existence for long time, what scammers do is they used it for what is tending for the main time. There was a time when Elon was the main target for scammers and that was when Doge coin went crazy, e no get any time of Elon AI videos wey dy never make just to scam people, send this and get this, send this Bitcoin and get back in double and many more.

This one you are seeing right now is because the Ripple CEO been donated $11.8M in XRP to fund and support Kamala election and since then, it has been trending on the news and that's why you are seeing this AI scams everywhere. Just so you know, this AI scam is not limited to crypto, scammers across the world used this to impersonate anyone they want just to scam people.

AI technology has been useful to man over the years,but unfortunately it has a darkside in the crypto world.This same technology is used for malicious purposes to deceive and defraud victims for example deepfake videos are evolving rapidly in the crypto industry.When it's comes to AI generated scam, it's not a matter of being smart because it's very difficult to detect.Updates sent across crypto enthusiasts can be a possible way to help enthusiasts less vulnerable,there are no tools yet that can be used to detect deepfake videos, you can only sense it if the returns are unrealistic and too good to be true.
Currently, scammers have been using deepfake videos to impersonate well-known figures in the crypto industry, well-known figures that have been used lately to scam victims are Elon Musk and Chris Larsen and many more.AI generated scam also trick victims to submit their private keys on a fake site(Phishing)or to download an attachment with the intention to steal their credentials.Impersonating well-known figures on deepfake videos has become a strategy scammers have been using to dupe victims.

Recent Deepfake videos in the crypto industry;
Elon Musk
At CloudSEK, we recently came across a scheme called “Double the Money”, which was being pushed on YouTube using deepfake videos of Musk.

Between September 14-15, multiple YouTube channels were streaming videos of a fake Musk talking about the U.S. Presidential Election Debate and even an assassination attempt on Donald Trump. But beneath the surface, these videos were nothing more than a front for cryptocurrency scams.

In these streams, the deepfake Musk wasn’t just talking politics—he was also endorsing Trump’s re-election, claiming it would be a win for crypto enthusiasts.

Chris Larsen
Dramatic music plays throughout the video as the fake Larsen states, “Today is a significant day for everyone who holds XRP.”

He claims that instead of burning 150 million XRP as Ripple usually does on an annual basis, the company is “giving it all back.”

According to copy of the video seen by Cointelegraph, every XRP holder can double their current holdings by visiting the website.

Conclusion
Deepfake videos has pose a threat to crypto enthusiasts, enthusiasts are scared to believe interviews of well-known figures because they can't figure out if it's legit or fake.I would like to read opinions from my Naija pipo.