Crypto Community Faces a Grave Threat from Deepfakes
Date: 2023-12-17 Author: Dima Zakharov Categories: IN WORLD
The Menace of Deepfakes in the Crypto World
In a recent revelation, Charles Hoskinson, the founder of Cardano, has sounded the alarm bells for the cryptocurrency community. He pointed out the emergence of deepfakes as a real and grave threat in the crypto space. Deepfakes are digitally manipulated videos and images created using advanced artificial intelligence technologies.
A Shocking Example
Hoskinson shared a shocking instance of fraud involving a YouTube video that was generated using deepfake technology. In the video, an AI-generated Hoskinson discusses an upcoming ADA giveaway, perfectly mimicking his tone and speech patterns, making it appear as if he were live on air.
Impressive Realism
Commenting on the video, a user with the handle @NewsAsset expressed amazement at the realism of the deepfake, praising its lifelike imagery and voice. This level of sophistication is raising concerns about the potential for deepfakes to deceive cryptocurrency users.
The Future of Deepfakes
Hoskinson anticipates that generative art technology will continue to advance rapidly, making it increasingly challenging for the average person to distinguish between reality and fraudulent deepfakes targeting cryptocurrency users.
Cybersecurity Experts Weigh In
Cybersecurity experts warn that deepfake technology has progressed to the point where it can be used in real-time, enabling fraudsters to mimic someone's voice, image, and movements during virtual meetings or conversations. They emphasize the widespread availability and relative ease of use of this technology, making it an ever-growing concern.
The Longstanding Existence of Real-time Deepfakes
Researchers highlight that real-time deepfake technology has been in existence for a significant portion of the last decade. What's new is the accessibility of the tools needed to create them.
Unprepared for the Threat
"We know that as a society, we are not prepared for this threat," says Andrew Gardner, Vice President of Research, Innovation, and Artificial Intelligence at Gen. He points out that there are currently no established protocols for dealing with potential deepfake fraud, highlighting the need for immediate assistance in verifying such incidents.
