MicroStrategy founder and tech titan Michael Saylor has issued a warning about the influx of AI-generated deepfake scams in the Bitcoin community.

The alarm follows several reports last week flagging fake AI-generated videos of Saylor reportedly promising to “double people’s money instantly.” The fake ad prompted customers to scan a QR code to send Bitcoin (BTC) to the perpetrator’s address.

One user posted on X (formerly Twitter), that Michael Saylor’s deepfake video popped up on YouTube (again).

In response, Saylor wrote on Sunday, that “there is no risk-free way to double your Bitcoin.”

“MicroStrategy doesn’t give away BTC to those who scan a barcode,” he stressed.

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