Singapore Prime Minister Lawrence Wong has inspired due diligence amid rising photographs and deepfakes of him used to advertise cryptocurrencies.
Blockchain know-how and synthetic intelligence have advanced considerably through the years, progressing from easy line codes to classy capabilities. As their potential grows, so does the chance of misuse by malicious people.
Singapore’s Prime Minister Lawrence Wong has recognized this development, urging customers to train warning earlier than making any determination. In a tweet right this moment, he highlighted the rising use of his deepfakes and pictures to advertise rip-off tokens, advising due diligence.
Deepfakes Used to Promote Tokens
Wong said that it has come to his discover that dangerous actors are leveraging AI to make photographs and movies of him selling tokens. He additionally admitted to seeing a few of these in his feed as fraudsters trip on his reputation to promote cryptocurrencies, money-making schemes, and everlasting residency software companies.
In the meantime, the Singapore prime minister urged customers to ignore such supplies and never work together with the scammers. Moreover, Wong inspired customers to report these dangerous actors to the mandatory authorities and never share delicate info with them.
He additionally shared screenshots of the circulating photographs and movies and branded them a rip-off.
Singapore Facilitates Efforts to Curb Crypto Scams
Wong’s submit mirrors a broader effort by the Singaporean authorities to curb the rising variety of cybercrimes within the city-state. In January, lawmakers handed a legislation permitting banks to freeze accounts of rip-off victims to forestall extra losses.
In 2024, rip-off actions in Singapore rose by 11% to 51,501 attributable to more and more subtle schemes. This induced victims to lose a report $827 million, up a staggering 70% from the earlier yr.
Furthermore, this isn’t the primary time a Singapore PM has warned in opposition to these demeaning acts; former PM Lee Hsien Loong brandished the same name in 2023. Loong described these false photographs as very convincing but utterly bogus.
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