Binance Founder Changpeng Zhao Warns About Videos Promoting Scam Coins

Key Points:

• Binance founder Changpeng Zhao has alerted the community about deepfake videos falsely depicting him promoting various cryptocurrencies.
• Zhao urged his followers to remain cautious and verify information.

Binance founder Changpeng Zhao warned the crypto community against AI-generated deepfake videos.

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Binance Founder Changpeng Zhao Warns Crypto Community Against Deepfake Videos on the Rise

Binance founder Changpeng Zhao recently took to X to warn his followers about fake videos that have been circulating online. The videos appear to show him promoting a variety of different cryptocurrencies. He explained that he has no relationship with those coins and asked users to be more cautious against such impersonation fraud.

Zhao emphasized how these deep fakes are misleading and part of a greater scheme to dupe investors and discredit key figures in crypto. He encouraged everyone to be suspicious, adding that one needs to verify all information received regarding financial transactions in the market from reliable sources.

“There are deepfake videos of me on other social media platforms. Please beware!” Zhao wrote.

First Public Appearance for Zhao

AI-generated fake content is an increasingly growing concern in the cryptocurrency space. Many scammers are now leveraging their AI technology to create realistic videos of high-profile figures, such as Zhao and Ripple CEO Brad Garlinghouse, both of whom have appeared in fraudulent videos. Garlinghouse also commented on the rise of such scams and warned about deep fake content featuring him promoting fake products.

While Binance is still fighting its numerous lawsuits, its CEO has remained quite active in the space. Zhao will make his first public appearance since his release from a U.S. prison at the upcoming Binance Blockchain Week, which will take place in Dubai from 30 to 31 October.