YouTube has removed a deepfake video featuring Solana co-founder Anatoly Yakovenko. The Solana Foundation has expressed concern about the increasing number of deepfakes that are capitalizing on the rising popularity of Solana’s total-value-locked (TVL).
YouTube Ignores Anatoly Yakovenko Deepfake
The video showed Yakovenko announcing a significant day for Solana and offering a giveaway. It was posted on YouTube and social media platform X. The foundation reported the video, but YouTube only took it down after the incident was reported by news media.
Deepfake Accompanies Solana TVL Increase
The deepfake incident coincided with Solana experiencing a surge in TVL. In just a few weeks, Solana’s TVL almost doubled from $671 million to $1.35 billion. This increase may be attributed to Jito, a new protocol that allows validators to maximize their profits from each transaction on the blockchain.
Hot Take: Deepfakes Threaten Crypto Community
The prevalence of deepfakes poses a threat to the crypto community, especially when they involve investment and finance. It is concerning that platforms like YouTube struggle to detect and remove these scams promptly. As the popularity of cryptocurrencies grows, it becomes crucial for platforms to take stronger measures against deepfakes to protect users from potential fraud and financial losses.
By
By
By