Scammers Using AI Voice Generator to Con Crypto Users, Warns Tim Draper
American venture capitalist Tim Draper has issued a warning about scammers using an artificial intelligence (AI) voice generator to deceive crypto users. Draper took to social media on October 19 to caution his followers about “thieves” who are employing AI technology to create a replica of his voice. He stated that AI is becoming increasingly sophisticated, with some of his followers reporting that they received requests from him to send cryptocurrency. However, Draper clarified that he would never ask the public for money and urged his followers to be cautious.
Risk of Deepfake Videos in the Crypto Space
Advancements in AI have made it possible for scammers to create deepfake videos featuring prominent figures. For instance, after the collapse of FTX in November 2022, scammers produced a deepfake video of former CEO Sam Bankman-Fried promising compensation to affected users. Similarly, a deepfake video of Tesla CEO Elon Musk circulated in May 2022. These incidents highlight the potential risks associated with deepfakes and their impact on the crypto industry.
Draper’s Background and Advocacy for Cryptocurrency
Tim Draper, an early investor in Bitcoin (BTC), has been a vocal supporter of the cryptocurrency space. Despite losing a significant amount of BTC during the Mt. Gox collapse in 2011, he has remained committed to promoting digital assets. Draper is known for his optimistic predictions, including his projection that Bitcoin would reach $250,000 by 2023.
Hot Take: Protect Yourself from AI-Generated Voice Scams
As AI technology continues to advance, scammers are finding new ways to exploit unsuspecting crypto users. The use of AI voice generators to deceive individuals is a concerning development. To protect yourself, it’s crucial to be vigilant and verify any requests for funds or sensitive information. Remember that legitimate figures, like Tim Draper, will never ask the public for money directly. Stay informed about the risks associated with deepfake videos and remain cautious when engaging in crypto transactions.
By
By
By
By
By