Deepfake videos hit crypto world! Solana co-founder video surfaces on YouTube, X | Tech News

Deepfake videos hit crypto world! Solana co-founder video surfaces on YouTube, X

Deepfake videos are increasingly entering the crypto world. After Ripple CEO Brad Garlinghouse, Solana co-founder Anatoly Yakovenko recently has become the latest victim of a deepfake video. The deepfake video surfaced on YouTube and X. Know all about it.

By: HT TECH
| Updated on: Jan 05 2024, 12:57 IST
5 best budgeting apps you need to try: From Monefy to Spendee, know how to save money
image caption
1/5 Monefy: Monefy is a user-friendly financial organizer and tracker that can simplify the process of monitoring your spending, and daily expenses, and increase overall financial awareness. Users can add their expenses with a single click, as well as get real-time financial status and updates on spending patterns. (Google Play Store)
image caption
2/5 Money View: Money View is a personal finance manager app that helps you track and manage your expenses easily. Apart from allowing users to track their expenses automatically, get payment reminders, and check their account balances all in one place, it also offers an instant personal loan of up to Rs. 10,00,000. (Google Play Store)
image caption
3/5 Spendee: Spendee can come in handy if you’re poor at managing your finances wisely. With the app, users can track their spending and optimize their budgets. It also features simple infographics and stylish graphs that display your spending in a manner that is easy to grasp. Moreover, you can save money for categories you spend the most on by creating budgets and sticking to them. (Google Play Store)
deepfake
4/5 Wallet: The Wallet: Budget Expense Tracker app can help you plan, manage, and get a report concerning your finances. With 3500 supported banks, it tracks and logs all your spending automatically. You can also get insightful reports about the state of your finances. Other features include multiple currency support, Automatic cloud sync, Receipts and warranties, Categories and templates, geo-mapping transactions, hash-tagging, and Shopping lists. (Google Play Store)
deepfake
5/5 EasyBudget: If most budgeting apps intimidate you with a myriad of features, then EasyBudget can come in handy. It has a clean and minimal interface without any fancy but confusing graphs or charts. With EasyBudget, users can track their spending, keep daily expenses in check, as well as get monthly reports on their financial status. (Google Play Store)
deepfake
icon View all Images
A deepfake video featuring Solana co-founder Anatoly Yakovenko surfaced on YouTube, and X. (Pixabay)

Artificial intelligence technology (AI) has grown by leaps and bounds in the last few months, but so has the number of miscreants using it to defraud people. One of the most prominent dangers emerged recently has been deepfake videos. For the unaware, deepfakes are AI-generated videos, images, and audio that are edited or manipulated to make anyone say or do anything that they did not do in real life. Deepfake videos are mostly being used by cybercriminals for illegal purposes. While nations are drafting and amending IT regulations to deal with this threat, malicious threat actors are all out to carry out these illicit activities, and deepfakes have now entered the crypto world too! Solana co-founder Anatoly Yakovenko recently became the latest victim of deepfakes in the crypto world. Know all about it.

Deepfakes in crypto world

According to The Verge report, a video featuring Anatoly Yakovenko, the co-founder of the blockchain platform Solana recently surfaced on YouTube. In the video, Yakovenko can be seen announcing a “historic day” for his company, and even offering a giveaway via a QR code and a website. However, all is not what it seems. In fact, it isn't Anatoly Yakovenko at all, but a deepfake of the Solana co-founder.

You may be interested in

MobilesTablets Laptops
7% OFF
Apple iPhone 15 Pro Max
  • Black Titanium
  • 8 GB RAM
  • 256 GB Storage
23% OFF
Samsung Galaxy S23 Ultra 5G
  • Green
  • 12 GB RAM
  • 256 GB Storage
Google Pixel 8 Pro
  • Obsidian
  • 12 GB RAM
  • 128 GB Storage
Apple iPhone 15 Plus
  • Black
  • 6 GB RAM
  • 128 GB Storage

What's more concerning is that the video was on YouTube for almost a day, clearly avoiding all the monitoring guidelines that YouTube has in place. But it isn't just YouTube where it appeared. According to one internet user, the video also appeared as an ad on Elon Musk's X!

Also read
Looking for a smartphone? To check mobile finder click here.

Talking about the issue, Austin Federa, head of strategy at the Solana Foundation told The Verge, “There has been a substantial increase in deepfakes and other AI-generated content recently.”

The video has finally been taken down on YouTube after Solana registered a complaint about the same to YouTube. However, it isn't the first time that a deepfake appeared in the crypto world.

Ripple CEO deepfake

Last month, the crypto community witnessed the rise of a new deepfake featuring Brad Garlinghouse, the CEO of US-based crypto solutions provider Ripple. In the deceptive video that was previously available on YouTube, the Ripple CEO urged people to invest their XRP tokens in a specified deal with a promise to double them. The video also included a QR code that takes unsuspecting victims to a fake website, raising potential financial risks. This is just another example of the rise in XRP scams lately.

Also, read these top stories today:

Danger for ChatGPT, Google Bard?

Free versions of AI models are challenging Big Tech, but they could also benefit the giants more than one would expect.

Some interesting details in this article. Check it out.

Jobs in the Age of AI

Daniel Shapero, LinkedIn's COO, on his advice for Gen Z workers entering a labor market undergoing radical change.

Dive in here.

Space race - the battle of the billionaires!

It is Jeff Bezos vs Elon Musk!

When the Vulcan rocket lifts off for the first time as soon as next week, multiple billionaires, including Amazon's Jeff Bezos and SpaceX's Elon Musk, are sure to be watching.

Know what's up.

If you enjoyed reading this article, please forward it to your friends and family.

One more thing! We are now on WhatsApp Channels! Follow us there so you never miss any updates from the world of technology. ‎To follow the HT Tech channel on WhatsApp, click here to join now!

Catch all the Latest Tech News, Mobile News, Laptop News, Gaming news, Wearables News , How To News, also keep up with us on Whatsapp channel,Twitter, Facebook, Google News, and Instagram. For our latest videos, subscribe to our YouTube channel.

First Published Date: 05 Jan, 12:57 IST
NEXT ARTICLE BEGINS