What Binance’s Founder Wants You To Know
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The co-founder and former CEO of crypto exchange Binance, Changpeng Zhao, has issued a warning to the general public and the cryptocurrency community regarding the emergence of numerous of deepfake videos created by artificial intelligence and their potential to trick gullible and unsuspecting users into making false or fraudulent cryptocurrency investments. A Public Warning Against AI Deepfakes Zhao further expounded on the imminent threat from impersonation using AI and fraud in cyberspace. Zhao’s warning comes at the back of increasing AI scams that not only hit the crypto world but also international giants such as Ripple CEO Brad Garlinghouse and even famous celebrities like Taylor Swift. Former Binance CEO warns of deepfake scams on social media Former Binance CEO Changpeng Zhao (CZ) posted on X, warning users about deepfake videos of him circulating on other social media platforms. He urged users to be cautious of potential scams associated with these videos. — CoinNess Global (@CoinnessGL) October 11, 2024 Such scams aim at deceiving the users to invest in risky schemes that put them at a risk of losing funds and exposing their identities, hence increasing the urgency for more education on artificial intelligence in the appropriate channels and mediums. Zhao’s Resurgence And Binance’s Future Zhao has made strategic plans during his recent speech. He is expected to participate in the Binance Blockchain Week in Dubai shortly after he has resolved his legal wrangles with the US Department of Justice. It will be his first major engagement and appearance since he stepped down temporarily. Total crypto market cap currently at $2.1 trillion. Chart: TradingView Zhao served four months in prison, after pleading guilty to violating US laws against money laundering at the world’s largest cryptocurrency exchange. Zhao’s return indicates his seriousness in blockchain, focusing on innovation and sustained leadership. Binance, with…
Filed under: News - @ October 13, 2024 1:03 am