Changpeng Zhao, the co-founder and former CEO of crypto exchange Binance, warned the public and cryptocurrency community about the rise of artificial intelligence-created deepfake videos that can lead gullible users to invest in fake cryptocurrencies.
Zhao stressed the issue of AI impersonation and cyberfraud. Zhao's warning follows rising AI frauds that have targeted crypto investors, multinational heavyweights like Ripple CEO Brad Garlinghouse, and celebrities like Taylor Swift.
Such scams try to deceive people into investing in unsafe schemes that might cost them money and reveal their identities, emphasizing the need for increased AI education in acceptable channels.
Zhao Resurfaces And Binanceโs Future Zhao's latest address included strategic plans. He is set to attend the Binance Blockchain Week in Dubai after resolving his US Department of Justice legal issues. First important engagement and appearance following temporary resignation.
The crypto market is worth $2.1 trillion. TradingView chart Zhao pleaded guilty to breaching US money laundering rules at the world's biggest cryptocurrency exchange and spent four months in jail.
Zhao's return shows his commitment to blockchain innovation and leadership. With Zhao back in charge, Binance will continue blockchain technology research and development but also confront laws and industry integration.
AI makes blockchains more safe and efficient, but it also creates new risks. Zhao warned about misused AI in deepfake creation, drawing community attention. Responsible AI development and education from and inside crypto is needed.
Blockchain initiatives that gain size and impact must balance innovation and security. The right application of AI might transform industries, but its abuse could have dire effects, requiring developers and the community to act immediately.
