The next time you come across a potential deepfake crypto scam, watch the eyes.
Crypto investors have been urged to keep their eyes peeled for"deepfake" crypto scams to come, with the digital-doppelganger technology continuing to advance, making it harder for viewers to separate fact from fiction.
David Schwed, the COO of blockchain security firm Halborn told Cointelegraph that the crypto industry is more “susceptible” to deepfakes than ever because “time is of the essence in making decisions” which results in less time to verify the veracity of a video.
Estoup noted that crypto scammers often use deepfake technology to creat fake videos of well-known personalities to execute scams. An example of such a scam was a deepfake video of FTX former CEO Sam Bankman-Fried in November 2022, where scammers usedand a voice emulator to direct users to a malicious website promising to “double your cryptocurrency.”
Over the weekend, a verified account posing as FTX founder SBF posted dozens of copies of this deepfake video offering FTX users"compensation for the loss" in a phishing scam designed to drain their crypto wallets
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