Singapore PM Reacts to Viral Deepfake Crypto Videos

Singapore Prime Minister has responded to deepfake videos of him endorsing crypto scams with a warning.

Singapore Prime Minister Lee Hsien Loong not impressed with the fake crypto promos of him.
Created by Kornelija Poderskytė from DailyCoin
  • Singapore PM has responded to deepfake videos of him circulating on social media.
  • The videos promoted crypto investments.
  • The PM labeled the videos malicious.

Singapore Prime Minister Lee Hsien Loong has warned the public not to be swayed by deepfake videos circulating on social media of him promoting crypto investment scams.

Deepfakes are AI-generated videos digitally altered through face swapping to depict malicious statements or events meant for misinformation. The PM’s warning comes after Cardano’s Charles Hoskinson recently cautioned that deepfake scams would become “highly convincing.”

PM Loong Responds to “His” Deepfake Crypto Scam Videos

In a December 29 post on his official Facebook page, PM Loong shared an altered video of him, seeming to be interviewed by a Chinese news network presenter where they discuss “a revolutionary platform designed by Elon Musk” and approved by the Singapore government to offer crypto investment services.

The PM clarified that the video was fake, noting that his deputy Lawrence Wong was also targeted in a similar fashion.

“The scammers use AI technology to mimic our voices and images. They transform real footage of us taken from official events into very convincing but completely bogus videos of us purporting to say things that we have never said,” the PM wrote.

Urging the public to ignore the videos, the PM called on anyone who comes across fake news or ads promising return on investments to report them via the government’s ScamShield Bot on WhatsApp.

The PM also stated the use of deepfake videos “will continue to grow,” further warning the public to stay vigilant. According to recent reports, deepfake videos in the country jumped 500% in 2023 from a year ago.

Stay updated on why Singapore’s MAS Director believes BTC and private cryptos have failed:
MAS Director: Bitcoin and Private Cryptos Have Failed

Read why a Singapore court validated a lawsuit against Do Kwon:
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This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Author
Brian Danga

Brian Danga, a Kenyan crypto reporter, is dedicated to delivering breaking news and updates from the cryptocurrency world. With a background as a Web3 writer and project manager, he recognizes the importance of unbiased reporting. Holding an LLB degree from the University of Nairobi, Brian's analytical skills contribute to his accurate news reporting. His personal interests include cooking, watching documentaries, reading, and engaging in intellectual discussions.