The post Is CAR’s exploding token a $600M deepfake scam? appeared on BitcoinEthereumNews.com.

Central African Republic (CAR) President’s X account announced the release of an official meme coin for the country on February 9. The poster claimed that the token would help give CAR more worldly exposure and boost national development. However, two deepfake detectors have flagged the account’s video announcement as suspicious, raising concerns about whether the CAR token is just a big scam. Seferbekov and Ensemble detectors found the President’s video could be a deepfake In his X post, Faustion said: “Today, we are launching $CAR – an experiment designed to show how something as simple as a meme can unite people, support national development and put the Central African Republic on the world stage in a unique way.” – President Faustion-Archange Touadera In another post, the president added that he has always been supportive of crypto, and his country’s acceptance of Bitcoin as legal tender is a testament to that. Faustian then posted a video announcement for the new CAR meme coin, inviting the public to revel in the news.  However, Deepware’s deepfake detector has flagged the video as ‘suspicious,’ with the Seferbekov model on the checker showing an 82% chance that the video was fabricated. Similarly, the Ensemble model revealed a 60% chance. Meanwhile, two other models on the checker tool, Avatarify and Deepware’s own checker, did not find the video to be a deepfake. Others have also expressed their doubts about the credibility of the president’s message, presuming that his X account could have been hacked.  In a now-deleted post, Yokai Ryujin, founder of unrevealed XYZ, warned his team to be cautious about the new meme coin. He said its domain was registered about three days ago on namecheap.com—something he thinks a president of a country would not do. Moreover, X suspended the official account for the CAR…

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Filed under: News - @ February 10, 2025 6:18 am